Prize
Definition
(v) : To value something highly.
Example
"(n) : She won first prize in the school singing competition."
"(n) : The prize included a gold medal and a small amount of prize money."
"(v) : She prizes honesty more than money or success."
Explanation
A prize is something given to a person for winning a competition or doing something very well or coming first in a game, contest, or event. It can be money, a gift, a medal, or a certificate. Only one or a few people usually receive a prize because they perform better than others. Prizes are meant to show appreciation for effort, skill, or success. Schools, sports events, and contests often give prizes to encourage people to try their best and achieve their goals. As a verb, it means to value something greatly or think it is very important; for example, he prizes his family’s support.
đź’ˇImportant: A prize is something you win in a competition, while a reward is something you receive for effort or good behaviour. For example, a race prize vs. a reward for honesty.