Longman Dictionary of Contemporary English homepage

prize

2 adjective
     
prize2 [only before noun]
1 good enough to win a prize or having won a prize:
He has spent months cultivating what he hopes are prize flowers.
prize-winning
2 very good or important:
The Picasso painting is a prize exhibit in the museum.
3

prize money

money that is given to the person who wins a competition, race etc
4

a prize idiot/fool

informal a complete idiot, fool etc

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