- prize
- ▪ I. prize prize 1 [praɪz] noun [countable]something that is very valuable or important to have:
• With a portfolio of $1 billion, Amerco is an attractive prize.
• The administration has worked behind the scenes to help Turkey win the big prize — EU membership.
[m0] ▪ II. prize prize 2 adjective [only before a noun]the best, most valuable or important:• In recent weeks, a number of prize assets have been sold.
• the agency's prize client, Coca Cola.
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Ⅰ.prize UK US /praɪz/ noun [C]► something such as an amount of money that is given to a person or organization that wins a competition: »The promotion, launched on a national breakfast show, involves a competition with a daily prize of $10,000.
»A new sponsor has been found to put up the prize money.
»Cash prizes are awarded to winners and runners-up with the Student Journalist of the Year offered a paid summer placement.
a $100,000/£70,000, etc. prize »More than a dozen young interior designers are fighting for the $150,000 prize.
win/get/share a prize »Loan sharks sometimes use tactics which include sending letters to home-owners telling them they've won a prize and urging them to get in touch.
award/offer/present a prize »Each award category offers prizes for small, medium, and large businesses.
top/big/major prize »Several small businesses in the area are challenging for the top prize in the Entrepreneur Award scheme.
first/second/third prize »She won first prize in a literary competition and has just had her first book published.
a prize for sth »The London-based agency has been awarded several prizes for its original and creative advertising campaigns.
► something valuable that people want very much to have: »The huge export order is an important prize to be won.
Ⅱ.prize UK US /praɪz/ adjective [before noun]► good enough to get a prize: »He had won awards for his prize ranch animals.
► being the most valuable or most important example of its type: prize asset/possession »The group plans to sell off its prize asset, a Russian oil company, at a knockdown price.
Financial and business terms. 2012.