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Definitions from the Web

Premia

Noun:

1. A plural form of the word "premium."

Example sentence: I received discounts at the store because I had a lot of premia to redeem.

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Noun:

2. A multiple of or addition to an ordinary retirement or pension benefit, typically based on merit or length of service.

Example sentence: Due to his exceptional performance, John received a significant premia on top of his regular pension.

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Noun:

3. Insurance premiums paid by the insured party.

Example sentence: The premia for this health insurance plan are quite affordable for the coverage provided.

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Noun:

4. In finance, a payment or fee required to participate in a financial instrument or contract.

Example sentence: To invest in that hedge fund, there was a substantial premia that had to be paid upfront.

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Adjective:

5. Of or relating to a premiu.

Example sentence: The premia package offered to employees included various additional perks and benefits.

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Adjective:

6. Indicating a higher quality or level.

Example sentence: The premia brand of chocolate is known for its rich taste and smooth texture.

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