Definition of prize noun from the Oxford Advanced Learner's Dictionary

      

    prize

     noun
    noun
    BrE BrE//praɪz//
     
    ; NAmE 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 Wordfinderclosing date, competition, disqualify, judge, prize, round, runner-up, submit, tiebreaker, winner
  2. 2something very important or valuable that is difficult to achieve or obtain World peace is the greatest prize of all.
  3. Word Origin Middle English: the noun, a variant of price; the verb (originally in the sense ‘estimate the value of’) from Old French pris-, stem of preisier ‘to praise, appraise’, from late Latin pretiare, from Latin pretium ‘price’.Extra examples He strove for the glittering prizes of politics. He won the Nobel Prize for Literature. She was the first woman to win this coveted prize. The booby prize was awarded to the worst singer in the competition. The presidency is the ultimate prize. The prize was presented by the mayor. The prize went to the grey long-haired cat. a prize worth over $3 000 prizes in chemistry, physics and medicine He took first prize in the woodwind section. I won £500 in prize money. She was awarded the Nobel Prize for Literature. The 250 runners-up will get a consolation prize of a T-shirt. There are no prizes for guessing who she was with. Win a car in our grand prize draw!
See the Oxford Advanced American Dictionary entry: prize