prize money

noun

1. money offered, won, or received in prizes.
2. a portion of the money realized from the sale of a prize, especially an enemy's vessel, divided among the captors.

prize money

noun

1. any money offered, paid, or received as a prize
2. (formerly) a part of the money realized from the sale of a captured vessel

Word History and Origins

Origin of prize money¹

First recorded in 1740–50

Example Sentences

When the current contracts were put in place, the prize money arrangements were set up around 10 teams.

From BBC

Missing out on ticket sales and prize money by finishing low down in the Six Nations will prove costly.

From BBC

Littler takes home £150,000 for winning the title, plus £3,500 for winning this group, taking his prize money to £558,500 for the Order of Merit, which is calculated over a two-year period.

From BBC

Some teams 'yet to pay players World Cup prize money'

From BBC

Asked how she would spend the £50,000 prize money, she said: "I need to buy myself a new bike, and it's going to be a good bike."

From BBC

Related Words

• jackpot
• reward