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.

Famous quotes containing the word prize:

    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)

    The true runner comes to the finish and receives the prize and is crowned.
    Plato (c. 427–347 B.C.)

    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)