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premiate

[pree-mee-eyt] /ˈpri miˌeɪt/
verb (used with object), premiated, premiating.
1.
to grant a prize or an award to.
Origin
1530-1540
1530-40; < Medieval Latin praemiātus, past participle of praemiāre to reward (Latin: stipulate for a reward). See premium, -ate1
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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