Learner's definition of PREMIUM
1 [count] : the price of insurance: the amount paid for insurance 2 [singular] : a price that is higher than the regular price
There is a premium [=higher price] for hotel rooms that have views of the beach.
Many customers are willing to pay a premium for organic vegetables.
Land in the county is selling at a premium. [=for a high price]
— see also at a premium (below)
3 [singular] : a high or extra value
at a premium
: difficult to get because there is little available