'premium' in a sentence

: having or reflecting superior quality or value; having a higher price or cost

: payment for insurance

: the amount that something in scarce supply is valued above its nominal value

: a fee charged for exchanging currencies

: a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.

: payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military