Freemium is a combination of the words "free" and "premium". It refers to a business model in which a company provides a basic service for free, while charging for premium features. There are several synonyms for the word "freemium". For example, "lite" refers to a stripped-down version of a product or service that is offered for free. "Trial" refers to a limited-time offer of a premium service that a user can try before deciding whether or not to purchase it. "Basic" or "standard" can also be used interchangeably with freemium. Other synonyms include "limited", "starter", and "entry-level". Ultimately, businesses use the freemium model to attract new users and generate revenue from those who require more advanced features.