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premium vs award

award vs premium

premium and award both are nouns.

premium is an adjective but award is not an adjective.

premium is not a verb while award is a verb.

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

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