Meaning of “consolation prize” in the English Dictionary

English

(Definition of “consolation prize” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"consolation prize" in American English

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consolation prizenoun [ C ]

us /ˌkɑn·sə'leɪ·ʃən ˌprɑɪz/

a small prize given to someone who has taken part in a competition but has not won

(Definition of “consolation prize” from the Cambridge Academic Content Dictionary © Cambridge University Press)