premium
UK: ˈpriːmiəm | US: ˈpriːmiəm
n. an amount to be paid for an insurance policy
n. a sum added to a standard price or charge
n. a high value or superiority in quality
adj. of exceptional quality or greater value
Derived from Latin praemium ("reward, profit"), combining prae- (before) and emere (to take). Originally referred to "prize" or "booty taken before battle," later evolving to signify a financial reward or extra payment. The modern sense of "added value" reflects its historical association with superiority and exclusivity.
Customers pay a premium for organic produce.
The company offers premium services to high-tier clients.
This car model comes with premium features.
The insurance premium increased this year.
She enjoys the premium quality of handmade chocolates.