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Premium vs Essential - What's the difference?

premium | essential |

As nouns the difference between premium and essential

is that premium is bonus (extra amount of money given as a premium) while essential is a necessary ingredient.

As an adjective essential is

necessary.

premium

English

(wikipedia 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

    essential

    English

    Adjective

    (en adjective)
  • Necessary.
  • Very important; of high importance.
  • * {{quote-magazine, date=2013-05-17
    • , author=George Monbiot, authorlink=George Monbiot , title=Money just makes the rich suffer , volume=188, issue=23, page=19 , magazine=(The Guardian Weekly) citation , passage=In order to grant the rich these pleasures, the social contract is reconfigured. The welfare state is dismantled. Essential public services are cut so that the rich may pay less tax. […]}}
  • Being in the basic form; showing its essence.
    • Don’t mind him being grumpy. That’s the essential Fred.
  • Really existing; existent.
  • * Webster (1623)
    • Is it true, that thou art but a name, / And no essential thing?
  • Such that each complementary region is irreducible, the boundary of each complementary region is incompressible by disks and monogons in the complementary region, and no leaf is a sphere or a torus bounding a solid torus in the manifold.
  • (medicine) Idiopathic.

    • Synonyms

    * indispensable, crucial, substantive * See also

    Antonyms

    * inessential, unessential, accidental, nonessential, unneeded, adscititious, unimportant, accessorial, unnecessary, incidental

    Derived terms

    * essential amino acid * essential fatty acid * essential listening * essential nutrient * essential oil * essentially * essentialness * quintessential

    Noun

    (en noun)
  • A necessary ingredient.
  • A fundamental ingredient.

    • Related terms

    * essence ----