Purse vs Premium - What's the difference?

purse | premium |

As nouns the difference between purse and premium

is that purse is a small bag for carrying money while premium is bonus (extra amount of money given as a premium).

As a verb purse

is to press (one's lips) in and together so that they protrude.



(wikipedia purse)


(en noun)
  • A small bag for carrying money.
  • * 1550 Mierdman, Steuen, The market or fayre of usurers
  • And then mu?t many a man occupie as farre as his pur?e would reache, and ?tretche out his legges accordynge to the length of his couerlet.
  • (US) A handbag (small bag usually used by women for carrying various small personal items)
  • A quantity of money given for a particular purpose.
  • * , Episode 12, The Cyclops
  • It was a historic and a hefty battle when Myler and Percy were scheduled to don the gloves for the purse of fifty sovereigns.
  • (historical) A specific sum of money in certain countries: formerly 500 piastres in Turkey or 50 tomans in Persia.
  • Synonyms

    * (small bag for carrying money) pocketbook; coin purse, change purse * (especially US) * (small bag used by women) handbag (especially UK) * (quantity of money) bursary, grant

    Derived terms

    * common purse * make a silk purse of a sow's ear * murse

    See also

    * wallet


  • To press (one's lips) in and together so that they protrude.
  • * 1979 , (Monty Python), (Always Look on the Bright Side of Life)
  • When you're feeling in the dumps
    Don't be silly chumps
    Just purse your lips and whistle – that's the thing.
  • To draw up or contract into folds or wrinkles; to pucker; to knit.
  • * Shakespeare
  • Thou didst contract and purse thy brow.
  • To put into a purse.
  • * Shakespeare
  • I will go and purse the ducats straight.
  • (intransitive, obsolete, rare) To steal purses; to rob.
  • * Beaumont and Fletcher
  • I'll purse : I'll bet at bowling alleys.


    * pucker


    * ----


    Alternative forms

    * (archaic)


  • Superior in quality; higher in price or value.
  • 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).


    * (finance) discount

    Derived terms

    (Terms derived from the adjective or noun "premium") * at a premium * buyer's premium * premium bond * premium outlet