What does prize money mean?

Definitions for prize money
prize mon·ey

This dictionary definitions page includes all the possible meanings, example usage and translations of the word prize money.

Princeton's WordNet

  1. prize moneynoun

    any money given as a prize

Wikipedia

  1. Prize money

    Prize money refers in particular to naval prize money, usually arising in naval warfare, but also in other circumstances. It was a monetary reward paid in accordance with the prize law of a belligerent state to the crew of a ship belonging to the state, either a warship of its navy or a privateer vessel commissioned by the state. Prize money was most frequently awarded for the capture of enemy ships or of cargoes belonging to an enemy in time of war, either arrested in port at the outbreak of war or captured during the war in international waters or other waters not the territorial waters of a neutral state. Goods carried in neutral ships that are classed as contraband, being shipped to enemy-controlled territory and liable to be useful to it for making war, were also liable to be taken as prizes, but non-contraband goods belonging to neutrals were not. Claims for the award of prize money were usually heard in a prize court, which had to adjudicate the claim and condemn the prize before any distribution of cash or goods could be made to the captors. Other cases in which prize money has been awarded include prize money for the capture of pirate ships, slave ships after the abolition of the slave trade and ships trading in breach of the Navigation Acts, none of which required a state of war to exist. Similar monetary awards include military salvage, the recapture of ships captured by an enemy before an enemy prize court has declared them to be valid prizes (after such ships have been condemned, they are treated as enemy ships), and payments termed gun money, head money or bounty, distributed to men serving in a state warship that captured or destroyed an armed enemy ship. The amount payable depended at first on the number of guns the enemy carried, but later on the complement of the defeated ship. Certain captures made by armies, called booty of war, were distinct from naval prize because, unlike awards under naval prize legislation, the award of booty was only made for a specific capture, often the storming of a city; the award did not set a precedent for other military captures in the same war, and did not require adjudication by a prize court. When the British army and navy acted together, it was normal for instructions to say how any prizes and booty should be shared, and the shares allocated. In this case, combined naval and military force to be dealt with under naval prize law rules. Although prize law still exists, the payment of prize money to privateers ceased in practice during the second half of the 19th century and prize money for naval personnel was abolished by those maritime states that had provided it at various times in the late 19th century and the first half of the 20th century.

ChatGPT

  1. prize money

    Prize money refers to the amount of money awarded to the winner or participants of a competition, contest, game, or event. It serves as a reward for their achievement or participation and the actual amount can vary greatly depending on the specific circumstances.

Wikidata

  1. Prize money

    Prize money has a distinct meaning in warfare, especially naval warfare, where it was a monetary reward paid out to the crew of a ship for capturing or sinking an enemy vessel. The claims for the bounty are usually heard in a Prize Court. This article covers the arrangements of the British Royal Navy, but similar arrangements were used in the navies of other nations, and existed in the British Army and other armies, especially when a city had been taken by storm.

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Numerology

  1. Chaldean Numerology

    The numerical value of prize money in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of prize money in Pythagorean Numerology is: 2

Examples of prize money in a Sentence

  1. Jackie Nesbitt:

    Too many people were competing for the prize money available, we want to see a significant uplift( in players making money). It will be one of our key performance indicators that tell us how successful these reforms have been.

  2. Patrick Mouratoglou:

    It's a real competition and it's a new tour, the players are going to win points, they're going to earn prize money. And at the end of the year there will be a champion.

  3. Philip Brook:

    Without the world's best tennis players we wouldn't have the world's best tennis tournament, this level of prize money is affordable for the championships and we feel we should reflect that in what we pay the players.

  4. George Bernard Shaw:

    Nobel prize money is a lifebelt thrown to a swimmer who has already reached the shore in safety.

  5. Colin Montgomerie:

    It's sensible. I know the prize money isn't what they'd expect but it gets the membership playing golf, it's a total reset and I feel for the young guys coming through who thought they were going to be playing for millions. It'll take a few years before we get back to those times.

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"prize money." Definitions.net. STANDS4 LLC, 2024. Web. 28 Feb. 2024. <https://www.definitions.net/definition/prize+money>.

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    being essentially equal to something
    • A. usurious
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    • C. tantamount
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