PRIZE Meaning of PRIZE in English I . n. 1.Reward, premium, guerdon, meed; ( pl. ) honors; laurels, palm, trophy.2.Capture.3.Privilege, gain, advantage. II . v. a. 1.Estimate, rate, appraise.2.Esteem, value highly. Soule. Dictionary of English synonyms. Словарь английских синонимов. 2012