Definition, Meaning & Synonyms

prize-money

Noun

/praɪz ˈmʌni/

Definition

Money awarded as a prize, often in competitions or contests.

Examples

After winning the tournament, the athletes split the prize-money evenly.
The prize-money for the competition was substantial, attracting many talented participants.
She saved her prize-money to pay for her college tuition.

Meaning

Prize-money refers to the financial rewards given to individuals or teams for achieving success in various events, such as sports, contests, or other competitive activities.