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Premium vs Exorbitant - What's the difference?

premium | exorbitant |

As a noun premium

is bonus (extra amount of money given as a premium).

As an adjective exorbitant is

exceeding proper limits; extravagant; excessive or unduly high.

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

    exorbitant

    English

    Adjective

    (en adjective)
  • exceeding proper limits; extravagant; excessive or unduly high.
  • It's a nice car, but they are charging an exorbitant price for it.
    You also have to pay exorbitant interest if you have credit card debt.
  • *