As nouns the difference between optimum and premium
is that optimum is the best or most favorable condition, or the greatest amount or degree possible under specific sets of comparable circumstances while premium is a prize or award.
As adjectives the difference between optimum and premium
is that optimum is best or most advantageous; surpassing all others while premium is superior in quality; higher in price or value.
optimum
English
Noun
(en-noun)
The best or most favorable condition, or the greatest amount or degree possible under specific sets of comparable circumstances.
Related terms
* optimal
* optimise, optimize
* optimism
* optimist
* optimistic
Derived terms
* global optimum
* local optimum
Adjective
(head)
best or most advantageous; surpassing all others
External links
*
*
*
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premium
Alternative forms
* (archaic)
Adjective
(-)
Superior in quality; higher in price or value.
Noun
(en-noun)
A prize or award.
Something offered at a reduced price as an inducement to buy something else.
A bonus paid in addition to normal payments.
The amount to be paid for an insurance policy.
An unusually high value.
(finance) The amount by which a security's value exceeds its face value.
Usage notes
* (term) is much less common than (premiums), accounting for less than 1% of total usage in US (COCA) and 4% in UK (BNC).
Antonyms
* (finance) discount
Derived terms
(Terms derived from the adjective or noun "premium")
* at a premium
* buyer's premium
* premium bond
* premium outlet
