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Premium vs Expensive - What's the difference?

premium | expensive |

As a noun premium

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

As an adjective expensive is

having a high price or cost.

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

    expensive

    English

    Alternative forms

    * expencive (archaic)

    Adjective

    (en adjective)
  • Having a high price or cost.
  • * {{quote-book, year=2006, author=
  • , title=Internal Combustion , chapter=1 citation , passage=If successful, Edison and Ford—in 1914—would move society away from the ever more expensive and then universally known killing hazards of gasoline cars: […] .}}
  • * {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=68, magazine=(The Economist)
  • , title= T time , passage=[…] a new study of how Starbucks has largely avoided paying tax in Britain […] shows that current tax rules make it easy for all sorts of firms to generate […] “stateless income”: […]. […] the firm has in effect turned the process of making an expensive cup of coffee into intellectual property.}}
  • (computing) Taking a lot of system time or resources.
  • Synonyms

    * dear * costly * pricey

    Antonyms

    * cheap * inexpensive * low-priced

    Derived terms

    * expensively * expensive drunk