2. Banking: Fee charged for advancing a loan (see points).
3. Commerce: Merchandise offered free or at reduced price to make a combined offer (see bundling) more attractive to the customer.
4. Mutual funds: Closed-end mutual fund's market price above its net asset value.
Use 'premium' in a Sentence
The bank offered the man a premium home loan but the man declined it and chose a loan with less interest.
A premium can refer to many things such as a type of account with special privileges and access to certain areas.
Premium access to any service is most certainly going to cost you a little bit more but you will enjoy a better product because of it.
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