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

Related Words

• jackpot 
• reward