A consumer gets basic services for free and premium services are paid for. One example is cable services. Basic is typically free, but the consumer pays for all premium channels. Or, a premium channel may be free for a limited time, but some specific shows may be pay-for-view. Another example is buyers or renters of computer services. Basic services and functionality is free, but one must pay for specific advanced services or capabilities.

More On This Topic

Link to This Definition
Did you find this definition of FREEMIUM helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary