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having superior quality or value
the amount of money paid to an insurance company in exchange for coverage or protection against specified risks or potential losses
the amount that something in scarce supply is valued above its nominal value
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
a fee charged for exchanging currencies
a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
a superior or exclusive level of quality, features, or benefits associated with a product, service, or experience
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.
