Definition of prize

• n. - That which is taken from another; something captured; a thing seized by force, stratagem, or superior power.
• n. - Anything captured by a belligerent using the rights of war; esp., property captured at sea in virtue of the rights of war, as a vessel.
• n. - An honor or reward striven for in a competitive contest; anything offered to be competed for, or as an inducement to, or reward of, effort.
• n. - That which may be won by chance, as in a lottery.
• n. - Anything worth striving for; a valuable possession held or in prospect.
• n. - A contest for a reward; competition.
• n. - A lever; a pry; also, the hold of a lever.
• v. t. - To move with a lever; to force up or open; to pry.
• v. t. - To set or estimate the value of; to appraise; to price; to rate.
• v. t. - To value highly; to estimate to be of great worth; to esteem.
• n. - Estimation; valuation.