Definition, Meaning & Synonyms

at-a-premium

phrase

ˌat ə ˈprɛm i ə m

Definition

Referring to something that is in high demand or valued highly, often costing more than usual due to its rarity or desirability.

Examples

Many collectible items are sold at a premium during auctions.
Due to the recent surge in demand, tickets for the concert were available only at a premium.
Luxury brands often price their products at a premium to maintain exclusivity.

Meaning

When a product, service, or commodity is considered ‘at-a-premium’, it signifies that it is more expensive than similar items because it is scarce or sought after.