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Word: premium
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Meaning:
Adjective:
- Superior in quality; higher in price or value.
Source: Wiktionary
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Noun:
- A bonus paid in addition to normal payments.
- An unusually high value.
- A prize or award.
- finance The amount by which a security's value exceeds its face value.
- Something offered at a reduced price as an inducement to buy something else.
- The amount to be paid for an insurance policy.
Source: Wiktionary
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