different between gratuity vs premium

English

Etymology

From Old French gratuite (French gratuité), from Medieval Latin gratuitas (“a free gift”), from Latin gratuitus (“freely given, free”); see gratuitous.

Pronunciation

• (UK) IPA^(key): /????tju??t?/
• (US) IPA^(key): /????tu??t?/

Noun

gratuity (plural gratuities)

1. An additional payment given freely as thanks for service.
2. Euphemistic form of fee, in contexts where such additional payments have been made obligatory.
3. Euphemistic form of bribe.

Synonyms

• (additional payment offered in thanks): douceur, grace, pourboire, tip; baksheesh (Turkish and Middle Eastern contexts); cumshaw (SE Chinese contexts; archaic); see also gift
• (obligatory fee): service charge; douceur, tip (euphemistic)
• (bribe): Thesaurus:bribe
• (additional gift from a vendor): lagniappe

Related terms

• gratis
• gratuitous
• gratuitously

Translations

Further reading

• gratuity in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
• gratuity in The Century Dictionary, New York, N.Y.: The Century Co., 1911.

English

Alternative forms

• præmium (archaic)

Etymology

From Latin praemium (“prize”).

Pronunciation

• (General American) IPA^(key): /?p?imi?m/

Adjective

premium (not comparable)

1. Superior in quality; higher in price or value.
2. (automotive) High-end; belonging to the market segment between mid-market and luxury.

   Coordinate terms: economy, luxury

Translations

Noun

premium (plural premiums or premia)

1. A prize or award.
2. Something offered at a reduced price as an inducement to buy something else.
3. A bonus paid in addition to normal payments.
4. (insurance) The amount to be paid for an insurance policy.
5. An unusually high value.
6. (finance) The amount by which a security's value exceeds its face value.

Translations

Usage notes

• Premia is much less common than premiums, accounting for less than 1% of total usage in US (COCA) and in UK (BNC).

Antonyms

• (finance): discount

Derived terms

Further reading

• Premium on Wikipedia.Wikipedia
• Premium in the Encyclopædia Britannica (11th edition, 1911)

French

Noun

premium m (plural premiums)

1. premium

Indonesian

Etymology

Learned borrowing from Latin praemium (“prize”). Doublet of premi.

Pronunciation

• IPA^(key): [pre?mi?m]
• Hyphenation: pré?mi?um

Noun

premium or prémium

1. premium:

   Synonym: premi

   1. A prize, a reward.

      Synonym: hadiah

   2. A premium, money paid for e.g. an insurance.
2. Something superior in quality; higher in price or value.
   1. (colloquial) Pertamina petrol or gasoline product with octane rating of 88.

Further reading

• “premium” in Kamus Besar Bahasa Indonesia (KBBI) Daring, Jakarta: Badan Pengembangan dan Pembinaan Bahasa, Kementerian Pendidikan dan Kebudayaan Republik Indonesia, 2016.

Spanish

Adjective

premium (invariable)

1. premium