The meaning of PRIZE is something offered or striven for in competition or in contests of chance; also : premium.

PRIZE definition: a reward for victory or superiority, as in a contest or competition. See examples of prize used in a sentence.

PRIZE definition: 1. something valuable, such as an amount of money, that is given to someone who succeeds in a…. Learn more.

A prize is an award to be given to a person or a group of people (such as sporting teams and organizations) to recognize and reward their actions and achievements. [1]

prize 1 (praɪz) n. 1. a reward for victory or superiority, as in a contest or competition. 2. something won in a lottery or the like. 3. anything striven for, worth striving for, or much valued.

Definition of prize noun from the Oxford Advanced Learner's Dictionary. an award that is given to a person who wins a competition, race, etc. or who does very good work. She was awarded …

A prize is something valuable, such as money or a trophy, that is given to the winner of a game or competition.

a reward for victory, as in a contest or competition: [countable] She won a prize for her science exhibit. [uncountable * usually with some word indicating rank] She won first prize in the …

prize definition: reward for winning a contest or competition. Check meanings, examples, usage tips, pronunciation, domains, and related words. Discover expressions like "door prize", …

There are 11 meanings listed in OED's entry for the word prize, one of which is labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence.