something valuable, such as an amount of money, that is given to someone who succeeds in a competition or game or that is given to someone as a reward for doing very good work:
The critics' prize for best film was won by Marc Abbott for "Belly Laugh".
I won a prize in the raffle.
The first (= main) prize is a week for two in Miami.
The prize money for winning Wimbledon has been increased by 12.5 per cent.
something important and valuable that is difficult to achieve or get:
The prize would be her hand in marriage.