Define: Premium

UK Accounting Glossary

Definition: Premium


Quick Summary of Premium


An amount paid in addition, or extra.




What is the dictionary definition of Premium?

Dictionary Definition


  1. A prize or award.
  2. Something offered at a reduced price as an inducement to buy something else.
  3. A bonus paid in addition to normal payments.

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Full Definition of Premium



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Premium FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/premium/
Modern Language Association (MLA):
Premium. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 https://payrollheaven.com/define/premium/.
Chicago Manual of Style (CMS):
Premium. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/premium/ (accessed: November 22, 2019).
American Psychological Association (APA):
Premium. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/premium/

Definition Sources


Definitions for Premium are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.