Prize 573991 218167350 2008-06-09T13:21:13Z Muhends 4850380 {{otheruses}} {{redirect|Prizes|the American novel|Prizes (novel)}} A '''prize''' is an [[award]] given to a person or a group of people to recognise and reward actions or achievements. Official prizes often involve [[money|monetary rewards]] as well as the fame that comes with them. Some prizes are also associated with extravagant awarding ceremonies, such as the [[Academy Awards|Oscar]]s. Prizes are given for a number of reasons: to highlight noteworthy or exemplary behaviour, and to provide incentives in competitions, etc. In general, prizes are regarded in a positive light, and their winners are admired. However, many prizes, especially the more famous ones, have often caused [[controversy]] and [[jealousy]]. Specific types of prizes include: * ''First prize, second prize, third prize'' etc. * '''Consolation prize''': an award given to those who do not win an event but are deserving of recognition. (See also: [[parting gift]]) * [[Booby prize]]: typically awarded as a joke or insult to whoever finished last. See [[wooden spoon (award)]]. * '''Purchase prize''' or '''acquisition prize''': a monetary prize given in an art competition in exchange for the winning work. ==See also== {{wiktionarypar|prize}} * [[Medal]] * [[List of prizes, medals, and awards]] * [[Prize money]], monetary award that is given to someone after they have won a competition. * [[Prizes named after people]] <!--Categories--> [[Category:Awards| ]] <!--Other languages--> [[ar:جائزة]] [[es:Premio]] [[eo:Premio]] [[hr:Odlikovanja]] [[nl:Prijs (winnen)]] [[pl:Nagroda]] [[simple:Prize]]