Longman Dictionary of Contemporary English homepage

Date: 1500-1600
Origin: prise, an earlier form of price; PRICE1

prize

1 noun
     
prize1 S2 W2 [countable]
1 something that is given to someone who is successful in a competition, race, game of chance etc:
In this month's competition you could win a prize worth £3000.
The first prize has gone to Dr John Gentle.
prize for
The prize for best photography has been won by a young Dutch photographer.
Scientists from Oxford shared the Nobel Prize for Medicine in 1945.
The prizes are awarded (=given) every year to students who have shown original thinking in their work.
2 something that is very valuable to you or that it is very important to have:
Fame was the prize.
3

no prizes for guessing something

spoken used to say that it is very easy to guess something:
No prizes for guessing what she was wearing.
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.
 
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