Definition of premio in US English:

premio

noun

  • A premium; (in early use especially) an insurance premium.

Origin

Early 17th century; earliest use found in Gerard de Malynes (fl. 1585–1641), merchant and writer on economics. Partly from Spanish premio, and partly from Italian premio, both from classical Latin praemium. Compare Portuguese prêmio.

Pronunciation

premio

/ˈpriːmɪəʊ/