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":

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 the Upper Yangtze Nobel Prize ...
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 Student Prize) Guoan Zheng (Leme ...
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 ... Prizes are given in the fields of Advanced Technology, Basic Sciences and Arts and Philosophy ...
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 ... winner receives $500,000, making it the largest cash prize for invention in the U.S ...

Famous quotes containing the word prize:

    It is impossible to think of Howard Hughes without seeing the apparently bottomless gulf between what we say we want and what we do want, between what we officially admire and secretly desire, between, in the largest sense, the people we marry and the people we love. In a nation which increasingly appears to prize social virtues, Howard Hughes remains not merely antisocial but grandly, brilliantly, surpassingly, asocial. He is the last private man, the dream we no longer admit.
    Joan Didion (b. 1934)

    In the corrupted currents of this world
    Offence’s gilded hand may shove by justice,
    And oft ‘tis seen the wicked prize itself
    Buys out the law; but ‘tis not so above:
    There is no shuffling.
    William Shakespeare (1564–1616)

    I prize the purity of his character as highly as I do that of hers. As a moral being, whatever it is morally wrong for her to do, it is morally wrong for him to do. The fallacious doctrine of male and female virtues has well nigh ruined all that is morally great and lovely in his character: he has been quite as deep a sufferer by it as woman, though mostly in different respects and by other processes.
    Angelina Grimké (1805–1879)