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

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 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.

Definition of prize noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and 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.

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

Prize definition: Something offered or won as an award for superiority or victory, as in a contest or competition.

The word price refers to the amount of money expected, required, or given in payment for something, essentially expressing value in monetary terms. On the other hand, prize denotes a reward given for …

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).