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Vip vs Premium - What's the difference?

vip | premium |

As nouns the difference between vip and premium

is that vip is very important person while premium is a prize or award.

As an adjective premium is

superior in quality; higher in price or value.

vip

English

(wikipedia VIP)

Noun

(en noun)
  • (initialism) .
  • (biochemistry, initialism) .
  • Anagrams

    *

    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