PRIZE MONEY Meaning and
Definition
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Prize money refers to the funds or financial reward that is given to the winner(s) of a competition, contest, or tournament. It is a specific amount of money or a cash award that is offered as an incentive or recognition for achieving success or excellence in a particular event.
This type of monetary prize is commonly associated with various competitive activities such as sports, gaming, artistic pursuits, and academic competitions. The purpose of prize money is to motivate and encourage participants to perform at their best, pushing themselves to excel and achieve victory. It serves as a tangible recognition of their accomplishments and a symbol of excellence in their field.
Prize money can vary significantly depending on the nature and scale of the competition. Major international sporting events like the Olympic Games or professional tennis tournaments offer substantial prize money, often in the millions. On the other hand, smaller local or regional events may have more modest prize amounts.
The distribution of prize money is typically determined based on the rankings or positions achieved by the participants in the competition. The larger the event, the more tiers or categories there may be, with different prize amounts allocated to each. Prize money can be awarded to individual participants or teams, depending on the nature of the competition.
Overall, prize money serves as a powerful incentive and motivator for individuals and teams to strive for excellence, enhancing the competitive nature of various fields and encouraging individuals to push their limits to accomplish extraordinary feats.
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In nav. or mil., the money paid to the captors of a ship or a place where booty has been obtained, in certain proportions according to rank, the money divided being realised from the sale of the booty.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for PRIZE MONEY
- orize money
- lrize money
- -rize money
- 0rize money
- peize money
- pdize money
- pfize money
- ptize money
- p5ize money
- p4ize money
- pruze money
- prjze money
- prkze money
- proze money
- pr9ze money
- pr8ze money
- prixe money
- prise money
- priae money
Etymology of PRIZE MONEY
The word "prize" comes from the Middle English "prise", which originated from the Old French "prise" meaning "a holding, grasp, or capture". This can be traced back to the Latin word "prehendere" meaning "to seize" or "to take".
The term "money" comes from the Middle English "moneie", which derived from the Old French "monoie" and Latin "moneta". The Latin term "moneta" referred to the temple of Juno Moneta in Rome, which was the place where coins were minted. Over time, "moneta" became associated with money in general.
When these terms are combined, "prize money" refers to the amount of money awarded as a prize or reward.
Similar spelling words for PRIZE MONEY
- press money,
- prize winner,
- press-money, pressgang,
- money price,
- main-skysail brace,
- man brows,
- pricey money,
- price money,
- man purse,
- money-to-price relationship,
- money powers,
- braise menu,
- mane braz,
- paris, maine,
- main brace.
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