premium

Vocabulary Word

Definition

'Premium' refers to an extra amount of money you pay for something special or higher quality. For example, if you're buying insurance, you'd pay a 'premium' to be covered.

Examples in Different Contexts

Brands often offer 'premium' products or services that are priced higher because of better quality or exclusivity.

Practice Scenarios

Tech

Scenario:

We've released the new update with improved security features. I believe it's worth the extra charge.

Response:

I can say this confidently after using the premium version, the new security features are indeed exceptional.

Creative

Scenario:

This sculpture is getting a lot of attention, especially from high-end collectors. They recognize its value.

Response:

In the art world, an item's uniqueness often commands a premium. I agree, this sculpture is one of a kind.