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noun : PREMIUM
) the amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water" ;
) a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.; "they encouraged customers with a premium for loyal patronage" ;
Adjective : PREMIUM
) having or reflecting superior quality or value; "premium gasoline at a premium price" ;
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