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having superior quality or value
Approving
the amount of money paid to an insurance company in exchange for coverage or protection against specified risks or potential losses
the amount by which something in limited supply is valued above its normal or nominal price
a sum paid for achieving a certain goal, performing a service, or taking a risk
an extra amount charged when exchanging one currency for another
an extra reward or item given to encourage purchase, participation, or loyalty
a designation for products, services, or experiences that are superior or exclusive
What is "premium"?
Premium refers to a higher level of quality, features, or benefits that set a product, service, or experience apart from others. It represents something considered more valuable or exclusive due to its superior characteristics, such as better performance, added conveniences, or unique offerings. A premium product or service often comes at a higher price because it provides additional value or a more luxurious experience compared to standard options. This can apply to anything from high-end products to special memberships or exclusive packages.
