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":

1978 In Literature - Awards - United States
... for children's 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 ...
1933 In Literature - Awards
... James Tait Black Memorial Prize for fiction A ... Macdonell, England, 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 ...
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 ... $500,000, making it the largest cash prize for invention in the U.S ...
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 ...
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 (Lemelson-MIT ...

Famous quotes containing the word prize:

    Eternall God, O thou that onely art
    The sacred Fountain of eternall light,
    And blessed Loadstone of my better part;
    O thou my heart’s desire, my soul’s delight,
    Reflect upon my soul, and touch my heart,
    And then my heart shall prize no good above thee;
    And then my soul shall know thee; knowing, love thee;
    And then my trembling thoughts shall never start
    From thy commands, or swerve the least degree,
    Or once presume to move, but as they move in thee.
    Francis Quarles (1592–1644)

    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)

    Knowing I loved my books, he furnished me
    From mine own library with volumes that
    I prize above my dukedom.
    William Shakespeare (1564–1616)