premium
1. [ noun ] (business) payment for insurance
Synonyms: insurance_premium
Related terms: payment
2. [ adjective ] having or reflecting superior quality or value
Examples:

"premium gasoline at a premium price"

Related terms: superior
3. [ noun ] (business) a fee charged for exchanging currencies
Synonyms: agiotage exchange_premium agio
Related terms: charge
4. [ noun ] (business) payment or reward (esp from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
Synonyms: bounty
Related terms: reward government