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premiate

[pree-mee-eyt]

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verb (used with object), -at·ed, -at·ing.

to grant a prize or an award to.

Origin:
1530–40; < Medieval Latin praemiātus, past participle of praemiāre to reward (Latin: stipulate for a reward). See premium, -ate¹

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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