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:
“He saw, he wishd, and to the prize aspird.
Resolvd to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lovers toil attends,
Few ask, if fraud or force attaind his ends.”
—Alexander Pope (16881744)
“To a maiden true hell give his hand,
Hey lillie, ho lillie lallie,
To the kings daughter o fair England,
To a prize that was won by a slain brothers brand,
I the brave nights so early.”
—Unknown. Earl Brand (l. 6771)
“The true runner comes to the finish and receives the prize and is crowned.”
—Plato (c. 427347 B.C.)