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English definition of “prize”

prize

adjective [before noun]     /praɪz/
good 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.
(Definition of prize adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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