PREMIUM

(noun) payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
synonyms : bounty
(noun) 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"
(noun) payment for insurance
synonyms : insurance premium
(noun) a fee charged for exchanging currencies
synonyms : agio , agiotage , exchange premium
(noun) the amount that something in scarce supply is valued above its nominal value
"they paid a premium for access to water"
(adj.) having or reflecting superior quality or value
"premium gasoline at a premium price"

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