Definition

Noun: - Money awarded as a prize: Any sum of money that is given as a reward for winning a competition, contest, or for achieving excellence in a particular field.

Usage

"Prize money" is an uncountable noun referring to the monetary reward itself. It is typically used in contexts involving competitions, tournaments, lotteries, or awards. - The winner will receive a large amount of prize money. - She donated all her prize money to charity.

Advanced Usage

• "To win prize money": To be awarded money for winning.
  • He won significant prize money in the chess tournament.
• "To be eligible for prize money": To qualify to receive the monetary award.
  • Only the top three finishers are eligible for prize money.

Variants and Related Words

• Prize fund (n): The total pool of money available to be distributed as prizes.
  • The prize fund for the tournament reached a record high.
• Purse (n): In some contexts, especially sports, the total amount of prize money to be distributed.
  • The boxer fought for the heavyweight title and a multi-million dollar purse.

Synonyms

• Award money: Money given as an award.
• Winnings: Money won, especially in gambling or games.

Related Phrases

• Cash prize: A prize consisting of money, often used interchangeably with "prize money" but can specify the form (cash versus check, etc.).
  • The first-place finisher gets a cash prize of $10,000.

Noun

1. any money given as a prize