Quality vs. Premium — What's the Difference?

The standard of something as measured against other things of a similar kind; the degree of excellence of something

An amount to be paid for a contract of insurance.

A distinctive attribute or characteristic possessed by someone or something

A sum added to an ordinary price or charge

Of good quality; excellent

Something given as a reward, prize, or incentive

An inherent or distinguishing characteristic; a property

An amount paid or required, often as an installment payment, for an insurance policy.

A personal trait, especially a character trait

An amount paid to obtain a loan.

Essential character; nature

An interest payment, usually on a regular basis, on a loan.

Superiority of kind

A sum of money or bonus paid in addition to a regular price, salary, or other amount

Degree or grade of excellence

The amount at which something, such as a security or a currency, is valued above its initial or nominal price.

Investments that have a low risk of loss or default

The amount at which a securities option is bought or sold.

High social position

Something offered free or at a reduced price as an inducement to buy something else

Those in a high social position

A prize or award.

(Music) Timbre, as determined by harmonics

An unusual or high value

(Linguistics) The character of a vowel sound determined by the size and shape of the oral cavity and the amount of resonance with which the sound is produced.

(Archaic) Payment for training in a trade or profession.

(Logic) The positive or negative character of a proposition.

Of superior quality or value

Having a high degree of excellence

Superior in quality; higher in price or value.

(uncountable) Level of excellence.

(automotive) High-end; belonging to the market segment between mid-market and luxury.

(countable) Something that differentiates a thing or person.

A prize or award.

(archaic) Position; status; rank.

Something offered at a reduced price as an inducement to buy something else.

(archaic) High social position. (See also the quality.)

A bonus paid in addition to normal payments.

(uncountable) The degree to which a man-made object or system is free from bugs and flaws, as opposed to scope of functions or quantity of items.

(insurance) The amount to be paid for an insurance policy.

(thermodynamics) In a two-phase liquid–vapor mixture, the ratio of the mass of vapor present to the total mass of the mixture.

An unusually high value.

The third step in OPQRST where the responder investigates what the NOI/MOI feels like.

(finance) The amount by which a security's value exceeds its face value.

A newspaper with relatively serious, high-quality content.

A reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc.

Being of good worth, well made, fit for purpose; of high quality.

Something offered or given for the loan of money; bonus; - sometimes synonymous with interest, but generally signifying a sum in addition to the capital.

The condition of being of such and such a sort as distinguished from others; nature or character relatively considered, as of goods; character; sort; rank.

A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.

Special or temporary character; profession; occupation; assumed or asserted rank, part, or position.

A sum in advance of, or in addition to, the nominal or par value of anything; as, gold was at a premium; he sold his stock at a premium.

That which makes, or helps to make, anything such as it is; anything belonging to a subject, or predicable of it; distinguishing property, characteristic, or attribute; peculiar power, capacity, or virtue; distinctive trait; as, the tones of a flute differ from those of a violin in quality; the great quality of a statesman.

Payment for insurance

An acquired trait; accomplishment; acquisition.

A fee charged for exchanging currencies

Superior birth or station; high rank; elevated character.

Payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military

An essential and distinguishing attribute of something or someone;

Having or reflecting superior quality or value;

A degree or grade of excellence or worth;

A characteristic property that defines the apparent individual nature of something;

(music) the distinctive property of a complex sound (a voice or noise or musical sound);

High social status;

Of superior grade;

Of high social status;