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

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.

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 car prize at a shopping mall in Indonesia Skateboarders excited to receive a free skateboard deck as a prize at a skate contest, 2021 A prize is an award to be given to a person or a group …

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

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).