premium

payment for insurance

the amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water"

a fee charged for exchanging currencies

a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.; "they encouraged customers with a premium for loyal patronage"

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

having or reflecting superior quality or value; "premium gasoline at a premium price"