Prize

A prize is an award to be given to a person or a group of people to recognise and reward actions or achievements. Official prizes often involve monetary rewards as well as the fame that comes with them. Some prizes are also associated with extravagant awarding ceremonies, such as the Academy Awards.

Prizes are also given to publicize noteworthy or exemplary behaviour, and to provide incentives for improved outcomes and competitive efforts. In general, prizes are regarded in a positive light, and their winners are admired. However, many prizes, especially the more famous ones, have often caused controversy and jealousy.

Specific types of prizes include:

  • Booby prize: typically awarded as a joke or insult to whoever finished last (e.g., wooden spoon (award)).
  • consolation prize: an award given to those who do not win.
  • Hierarchical prizes, where the best award is "first prize", "grand prize", or "gold medal". Subordinate awards are "second prize", "third prize", etc., or "first runner-up" and "second runner-up", etc., or "silver medal" and "bronze medal". (In some contests, "grand prize" is more desirable than "first prize".)
    • On game shows in the UK, the term is "star prize", while in Australia, it is "major prize".
  • Purchase prize or acquisition prize: a monetary prize given in an art competition in exchange for the winning work.

Other articles related to "prize, prizes":

Lemelson–MIT Prize - List of Winners - 2011
... Rogers (Lemelson-MIT Prize) Elizabeth Hausler (Lemelson-MIT Award for Sustainability) Alice Chen (Lemelson-MIT Student Prize) Scott Diagle (Lemelson-MIT Illinois ...
Kyoto Prize
... The Kyoto Prize (京都賞, Kyōto-shō?) has been awarded annually since 1985 by the Inamori Foundation, founded by Kazuo Inamori ... The prize is a Japanese award similar in intent to the Nobel Prize, as it recognizes outstanding works in the fields of philosophy, arts, science and technology ... Prizes are given in the fields of Advanced Technology, Basic Sciences and Arts and Philosophy ...
1933 In Literature - Awards
... James Tait Black Memorial Prize for fiction A ... Their England James Tait Black Memorial Prize for biography Violet Clifton, The Book of Talbot Newbery Medal for children's literature Elizabeth Foreman Lewis, Young Fu of ...
1978 In Literature - Awards - United States
... literature Katherine Paterson, Bridge to Terabithia Pulitzer Prize for Drama Donald L ... Coburn, The Gin Game Pulitzer Prize for Fiction James Alan McPherson, Elbow Room Pulitzer Prize for Poetry Howard Nemerov, Collected Poems ...
Lemelson–MIT Prize
... The Lemelson Foundation awards several prizes yearly to inventors in United States ... The largest is the Lemelson-MIT Prize which was endowed in 1994 by Jerome H ... The winner receives $500,000, making it the largest cash prize for invention in the U.S ...

Famous quotes containing the word prize:

    Then, though I prize my friends, I cannot afford to talk with them and study their visions, lest I lose my own. It would indeed give me a certain household joy to quit this lofty seeking, this spiritual astronomy, or search of stars, and come down to warm sympathies with you; but then I know well I shall mourn always the vanishing of my mighty gods.
    Ralph Waldo Emerson (1803–1882)

    What we have we prize not to the worth
    Whiles we enjoy it, but being lacked and lost,
    Why, then we rack the value, then we find
    The virtue that possession would not show us
    Whiles it was ours.
    William Shakespeare (1564–1616)

    He saw, he wish’d, and to the prize aspir’d.
    Resolv’d to win, he meditates the way,
    By force to ravish, or by fraud betray;
    For when success a lover’s toil attends,
    Few ask, if fraud or force attain’d his ends.
    Alexander Pope (1688–1744)