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1.
having or reflecting superior quality or value
premium gasoline at a premium price
'premium' - used as a noun
2.
payment for insurance
3.
the amount that something in scarce supply is valued above its nominal value
they paid a premium for access to water
4.
a fee charged for exchanging currencies
5.
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
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