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English definition of “prize”

prize

noun [C]     /praɪz/
A2 something valuable, such as an amount of money, that is given to someone who succeeds in a competition or game or that is given to someone as a reward for doing very good work: The critics' prize for best film was won by Marc Abbott for 'Belly Laugh'. I won a prize in the raffle. The first (= main) prize is a weekend for two in Bruges. The prize money for literary competitions can be as high as £40,000.Prizes, rewards and medals something important and valuable that is difficult to achieve or get: The prize would be her hand in marriage.Goals and purposes Grammar:Price or prize?Price /praɪs/ and prize /praɪz/ are nouns.See more
(Definition of prize noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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