Simple English definitions for legal terms
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Prize: A prize is something valuable that is given to someone as a reward for doing something great. It can also refer to a ship or its cargo that is taken by a country during a war and can be claimed as their own property.
Definition: A prize is something valuable that is given to someone as a reward for their achievement. It can also refer to a ship or its cargo that is captured during a war and can be claimed by the capturing nation.
Examples:
The examples illustrate the two different meanings of the word "prize." The first two examples show how a prize can be a reward for an achievement, such as winning a literary award or a lottery. The third example shows how a prize can refer to a ship or its cargo that is captured during a war and claimed by the capturing nation.