premium

noun

An amount paid or required, often as an installment payment, for an insurance policy.

noun

An amount paid to obtain a loan.

noun

An interest payment, usually on a regular basis, on a loan.

noun

A sum of money or bonus paid in addition to a regular price, salary, or other amount.

noun

The amount at which something, such as a security or a currency, is valued above its initial or nominal price.

noun

The amount at which a securities option is bought or sold.

noun

Something offered free or at a reduced price as an inducement to buy something else.