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premiate

[pree-mee-eyt]
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verb (used with object), pre·mi·at·ed, pre·mi·at·ing.
  1. to grant a prize or an award to.
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Origin of premiate

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 Unabridged Dictionary, © Random House, Inc. 2018