prize 1 (pr?z)n.1. a. Something offered or won as an award for superiority or victory, as in a contest or competition.b. Something offered or won in a lottery or similar game of chance.2. Something worth striving for; a highly desirable possession.adj.1. Offered or given as a prize: a prize cup.2. Given a prize, or likely to win a prize: a prize cow.3. Worthy of a prize; first-class: our prize azaleas.tr.v. prized, priz·ing, priz·es 1. To value highly; esteem or treasure. See Synonyms at appreciate.2. To estimate the worth of; evaluate.[Alteration of Middle English pris, value, price, reward; see price.]prize 2 (pr?z)n. Something seized by force or taken as booty, especially an enemy ship and its cargo captured at sea during wartime.[Alteration of Middle English prise, from Old French, from feminine past participle of prendre, from Latin prehendere, pr?ndere, to seize; see ghend- in Indo-European roots.]prize 3 also prise (pr?z)tr.v. prized, priz·ing, priz·es also prised or pris·ing or pris·es To move or force with a lever; pry: prized open the antique chest.n. Chiefly Southern US Something used as a lever or for prying.[From Middle English prise, instrument for prying, probably from prise, the taking of something; see prize2.]American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.prize (pra?z) n1. a. a reward or honour for victory or for having won a contest, competition, etcb. (as modifier): prize jockey; prize essay. 2. (Games, other than specified) something given to the winner of any game of chance, lottery, etc3. something striven for4. (Nautical Terms) any valuable property captured in time of war, esp a vessel[C14: from Old French prise a capture, from Latin prehendere to seize; influenced also by Middle English prise reward; see price]prize (pra?z) vb (tr) to esteem greatly; value highly[C15 prise, from Old French preisier to praise]prize (pra?z) vb, n a variant spelling of priseCollins English Dictionary ? Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014prize1 (pra?z) n. 1. a reward for victory or superiority, as in a contest or competition. 2. something won in a lottery or the like. 3. anything striven for, worth striving for, or much valued. 4. something seized or captured, esp. an enemy’s ship and cargo captured at sea in wartime. 5. the act of taking or capturing, esp. a ship at sea. 6. Archaic. a contest or match. adj. 7. having won a prize: a prize play. 8. worthy of a prize. 9. given or awarded as a prize. [1250?1300; in part continuing Middle English prise something captured, a seizing The price /pra?s/ of something is the amount of money that you must pay to buy it.A prize /pra?z/ is something given to someone for winning a competition or game, or for doing good work.