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.

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 in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

For senses to do with value or worth, "prize" is correct in US & UK English. For senses to do with leverage, the UK spelling is "prise" ("prize" is US only in this sense).

PRIZE meaning: 1 : something that is won in a contest or given as an award; 2 : something that is very valuable or desirable and that is difficult to get

A prize is money or something valuable that is given to someone who has the best results in a competition or game, or as a reward for doing good work. You must claim your prize by telephoning …

A prize is the reward or recognition a winner gets. When you win first prize in your state spelling bee, you might get a medal and a trip to the national competition in Washington, DC.

Scientists from Oxford shared the Nobel Prize for Medicine in 1945. The prizes are awarded (=given) every year to students who have shown original thinking in their work.