Prize Money

Prize money has a distinct meaning in warfare, especially naval warfare, where it was a monetary reward paid out to the crew of a ship for capturing or sinking an enemy vessel. The claims for the bounty are usually heard in a Prize Court. This article covers the arrangements of the British Royal Navy, but similar arrangements were used in the navies of other nations, and existed in the British Army and other armies, especially when a city had been taken by storm.

Famous quotes containing the words prize and/or money:

    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)

    “If you wish to be perfect, go, sell your possessions, and give the money to the poor, and you will have treasure in heaven; then come, follow me.” When the young man heard this word, he went away grieving, for he had many possessions.
    Bible: New Testament, Matthew 19:21,22.

    Jesus to a rich young man.