American Dictionary of the English Language

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PRIZE, noun

1. That which is taken from an enemy in war; any species of goods or property seized by force as spoil or plunder; or that which is taken in combat, particularly a ship. A privateer takes an enemy's ship as a prize They make prize of all the property of the enemy.

2. That which is taken from another; that which is deemed a valuable acquisition.

Then prostrate falls, and begs with ardent eyes,

Soon to obtain and long possess the prize

3. That which is obtained or offered as the reward of contest.

--I will never wrestle for prize

I fought and conquer'd, yet have lost the prize

4. The reward gained by any performance.

5. In colloquial language, any valuable thing gained.

6. The money drawn by a lottery ticket; opposed to blank.

PRIZE, verb transitive [Latin pretium.]

1. To set or estimate the value of; to rate; as, to prize the goods specified in an invoice.

Life I prize not a straw.

2. To value highly; to estimate to be of great worth; to esteem.

I prize your person, but your crown disdain.

3. To raise with a lever. [See Pry.]