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:
“Far and away the best prize that life offers is the chance to work hard at work worth doing.”
—Theodore Roosevelt (1858–1919)
“When all who had money and leisure
Grew rural o’er ices and wines,
All pleasantly toiling for pleasure,
All hungrily pining for pines,
And making of beautiful speeches,
And marring of beautiful shows,
And feeding on delicate peaches,
And treading on delicate toes.”
—Winthrop Mackworth Praed (1802–1839)