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:
“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)
“There is no intrinsic worth in money but what is alterable with the times, and whether a guinea goes for twenty pounds or for a shilling, it is ... the labour of the poor and not the high and low value that is set on gold or silver, which all the comforts of life must arise from.”
—Bernard Mandeville (1670–1733)