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May 14, 2026 · The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence.

You get a lipstick as a premium with the purchase of this makeup. Our customers are willing to pay a premium for a superior product.

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Look up premium in Wiktionary, the free dictionary.

When premium is a noun, it means the money you pay each month for your car insurance or a charge that's added on top of a standard payment. It also means a prize or reward.