prize
noun [ C ]
uk/praɪz/ ussomething such as an amount of money that is given to a person or organization that wins a competition:
The promotion, launched on a national breakfast show, involves a competition with a daily prize of $10,000.
A new sponsor has been found to put up the prize money.
Cash prizes are awarded to winners and runners-up with the Student Journalist of the Year offered a paid summer placement.
a $100,000/£70,000, etc. prize More than a dozen young interior designers are fighting for the $150,000 prize.
win/get/share a prize Loan sharks sometimes use tactics which include sending letters to home-owners telling them they've won a prize and urging them to get in touch.
award/offer/present a prize Each award category offers prizes for small, medium, and large businesses.
top/big/major prize Several small businesses in the area are challenging for the top prize in the Entrepreneur Award scheme.
first/second/third prize She won first prize in a literary competition and has just had her first book published.
a prize for sth The London-based agency has been awarded several prizes for its original and creative advertising campaigns.
something valuable that people want very much to have:
The huge export order is an important prize to be won.
prize
adjective [ before noun ]
uk/praɪz/ usgood enough to get a prize:
He had won awards for his prize ranch animals.
being the most valuable or most important example of its type:
prize asset/possession The group plans to sell off its prize asset, a Russian oil company, at a knockdown price.