Premium - Page 48

"Premium" refers to a higher quality or superior standard of a product, service, or brand that is associated with enhanced features, benefits, or exclusivity compared to standard offerings. It often implies a higher price point, as consumers pay more for perceived value, craftsmanship, or enhanced experiences. Premium can also denote items that are made with superior materials or possess unique attributes that justify their elevated status. In financial contexts, "premium" can refer to the additional amount paid for an option or insurance policy, or the difference between the market price of an asset and its intrinsic value. Overall, "premium" signifies a level of prestige, quality, and investment that distinguishes it from regular or basic options.