something offered as a reward or striven for success in a competition, game of chance, etc
(used before a noun) relating to or denoting a competition, game of chance, etc in which a prize is offered
a prize draw
(used before a noun) awarded as, having received, or worthy of receiving a prize
prize money
a prize marrow
something exceptionally desirable or precious
(used before a noun) highly valued
a prize possession
often used ironically (used before a noun) excellent or outstanding; complete
a prize idiot
[Middle English pris prize, price: see price1]