American English

Definition of prize noun from the Oxford Advanced American Dictionary

      

    prize

     noun
    noun
    NAmE//praɪz//
     
     
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  1. 1 an award that is given to a person who wins a competition, race, etc. or who does very good work She was awarded the Nobel Peace prize. He won first prize in the woodwind section. There are no prizes for guessing (= it is very easy to guess) who she was with. I won $500 in prize money. Win a car in our grand prize draw! see also consolation prize, door prize
  2. 2something very important or valuable that is difficult to achieve or obtain World peace is the greatest prize of all.
See the Oxford Advanced Learner's Dictionary entry: prize