PREMIUM

Premium

Premiums are promotional items—toys, collectables, souvenirs and household products—that are linked to a product, and often require box tops, tokens or proofs of purchase to acquire. The consumer generally has to pay at least the shipping and handling costs to receive the premium. Premiums are sometimes referred to as prizes, although historically the word "prize" has been used to denote an item that is packaged with the product and requires no additional payment over the cost of the product.

The above text is a snippet from Wikipedia: Premium (marketing)
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premium

Noun

  1. A prize or award.
  2. Something offered at a reduced price as an inducement to buy something else.
  3. A bonus paid in addition to normal payments.
  4. The amount to be paid for an insurance policy.
  5. An unusually high value.
  6. The amount by which a security's value exceeds its face value.

Adjective

  1. Superior in quality; higher in price or value.


The above text is a snippet from Wiktionary: premium
and as such is available under the Creative Commons Attribution/Share-Alike License.

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