A prize is an
award
An award, sometimes called a distinction, is something given to a recipient as a token of recognition of excellence in a certain field. When the token is a medal, ribbon or other item designed for wearing, it is known as a decoration.
An awar ...
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
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 and ]jealousy
Jealousy generally refers to the thoughts or feelings of insecurity, fear, and concern over a relative lack of possessions or safety.
Jealousy can consist of one or more emotions such as anger, resentment, inadequacy, helplessness or disgus ...
.
Specific types of prizes include:
* Booby prize
A booby prize is a joke prize usually given in recognition of a terrible performance or last-place finish. A person who finishes last, for example, may receive a booby prize such as a worthless coin. Booby prizes are sometimes jokingly coveted a ...
: typically awarded as a joke or insult to whoever finished last (e.g., wooden spoon award).
* Consolation prize
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. : 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". Subordinate
A hierarchy (from Greek: , from , 'president of sacred rites') is an arrangement of items (objects, names, values, categories, etc.) that are represented as being "above", "below", or "at the same level as" one another. Hierarchy is an important ...
awards are "second prize", "third prize", etc., or "first runner-up" and "second runner-up", etc., or " silver medal" and " bronze medal". (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
An inducement prize contest (IPC) is a competition that awards a cash prize for the accomplishment of a feat, usually of engineering. IPCs are typically designed to extend the limits of human ability. Some of the most famous IPCs include the Longi ...
, 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)
* 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 ...
, monetary award that is given to someone after they have won a competition.
* Prizes named after people
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.
* Repechage
Repechage (; french: repĂȘchage, "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