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premium

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adjective premium pronunciation in American English /ˈprimiəm/
  1. 1
    more expensive or of higher quality than other similar things

    premium brands of champagne

    premium octane gasoline

    premium rate phone calls

  2. 2
    premium prices are higher than usual

    People are willing to pay premium prices for quality products.

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chicken raffle

any random process, such as a competition in which a name is drawn from a hat

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