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A prize is an award to be given to a person or a group of people (such as sporting teams and organizations) to recognize and reward their actions and achievements.Prize
definition 1, The Free Dictionary, Farlex, Inc. Retrieved August 7, 2009. Official prizes often involve monetary rewards as well as the fame that comes with them. Some prizes are also associated with extravagant awarding ceremonies, such as the
A prize is an award to be given to a person or a group of people (such as sporting teams and organizations) to recognize and reward their actions and achievements.Prizedefinition 1, The Free Dictionary, Farlex, Inc. Retrieved August 7, 2009. Official prizes often involve monetary rewards as well as the fame that comes with them. Some prizes are also associated with extravagant awarding ceremonies, such as the
Academy Award
The Academy Awards, better known as the Oscars, are awards for artistic and technical merit for the American and international film industry. The awards are regarded by many as the most prestigious, significant awards in the entertainment ind ...
s.
Prizes are also given to publicize noteworthy or exemplary behaviour, and to provide incentives for improved outcomes and competitive efforts. In general, prizes are regarded in a positive light, and their winners are admired. However, many prizes, especially the more famous ones, have often caused controversy
Controversy is a state of prolonged public dispute or debate, usually concerning a matter of conflicting opinion or point of view. The word was coined from the Latin ''controversia'', as a composite of ''controversus'' – "turned in an opposite d ...
and jealousy.
Specific types of prizes include:
* Booby prize: typically awarded as a joke or insult to whoever finished last (e.g., wooden spoon award).
* Consolation prize: an award given to those who do not win but are deemed worthy of recognition.
* Hierarchical prizes, where the best award is "first prize", "grand prize", or "gold medal
A gold medal is a medal awarded for highest achievement in a non-military field. Its name derives from the use of at least a fraction of gold in form of plating or alloying in its manufacture.
Since the eighteenth century, gold medals have bee ...
". Subordinate awards are "second prize", "third prize", etc., or "first runner-up" and "second runner-up", etc., or "silver medal
A silver medal in sports and other similar areas involving competition is a medal made of, or plated with, silver awarded to the second-place finisher, or runner-up, of contests or competitions such as the Olympic Games, Commonwealth Games, etc ...
" and "bronze medal
A bronze medal in sports and other similar areas involving competition is a medal made of bronze awarded to the third-place finisher of contests or competitions such as the Olympic Games, Commonwealth Games, etc. The outright winner receive ...
". (In some contests, "grand prize" is more desirable than "first prize".)
**On game shows in the UK, the term is "star prize", while in Australia, it is "major prize".
* ''Purchase prize'' or acquisition prize: a monetary prize given in an art competition in exchange for the winning work.
* Winnings from an inducement prize contest, usually a reward for accomplishing a specific feat of use to the sponsor or society at large
See also
*Medal
A medal or medallion is a small portable artistic object, a thin disc, normally of metal, carrying a design, usually on both sides. They typically have a commemorative purpose of some kind, and many are presented as awards. They may be int ...
* Prize (law)
In admiralty law prizes are equipment, vehicles, vessels, and cargo captured during armed conflict. The most common use of ''prize'' in this sense is the capture of an enemy ship and her cargo as a prize of war. In the past, the capturing force ...
* Prize money
Prize money refers in particular to naval prize money, usually arising in naval warfare, but also in other circumstances. It was a monetary reward paid in accordance with the prize law of a belligerent state to the crew of a ship belonging to t ...
, monetary award that is given to someone after they have won a competition.
* Prizes named after people
* Repechage
Repechage (; french: repêchage, "fishing out, rescuing") is a practice in series competitions that allows participants who failed to meet qualifying standards by a small margin to continue to the next round. A well known example is the wild car ...
References
External links
{{Orders and phaleristics Awards