Premium

noun

'primiəm

Adjective

having or reflecting superior quality or value
“premium gasoline at a premium price”

a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
“they encouraged customers with a premium for loyal patronage”
Type of:BonusIncentivePrize
the amount that something in scarce supply is valued above its nominal value
“they paid a premium for access to water”
Type of:Value
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
Similar:Bounty
Type of:Reward
payment for insurance
Type of:Payment
a fee charged for exchanging currencies
Similar:AgioAgiotage
Type of:Charge