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1. an amount paid in addition to a standard rate, price, wage, etc.; bonus
2. the amount above nominal or par value at which something sells
a. an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
b. (as modifier): a premium offer
4. a fee, now rarely required, for instruction or apprenticeship in a profession or trade
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005