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award vs premium

premium vs award

award and premium both are nouns.

award is not an adjective while premium is an adjective.

award is a verb but premium is not a verb.

Word NounAdjectiveVerbAdverb
award Yes No Yes No
premium Yes Yes No No
As nouns, premium is a hyponym of award; that is, premium is a word with a more specific, narrower meaning than award:
  • award: something given for victory or superiority in a contest or competition or for winning a lottery
  • premium: a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
Other hyponyms of award include scholarship, fellowship, gratuity, door prize, jackpot, prize money.
award (noun) premium (noun)
a grant made by a law court the amount that something in scarce supply is valued above its nominal value
a tangible symbol signifying approval or distinction payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
something given for victory or superiority in a contest or competition or for winning a lottery payment for insurance
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.
award (adjective) premium (adjective)
having or reflecting superior quality or value; having a higher price or cost
award (verb) premium (verb)
give, especially as an honor or reward
give as judged due or on the basis of merit
Difference between award and premium

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