Definition of "prize-money" [prize-money]

• Money paid to the captors of a ship or place where booty has been obtained, in certain proportions according to rank, the money divided being realized from the sale of the prize or booty. (noun)

The Century Dictionary (Public Domain)

• "To be reduced to the rank of ordinary seaman; to be debarred all prize-money due him; to forfeit all rights to pension; to resign the Victoria Cross; to be discharged from the navy with a good character (this being his first offence); to receive fifty lashes; and to serve two years in prison."
• "Tariffs – the blunt and, at times, incoherent mechanism with which the Horsemen's Group is currently trying to impose minimum prize-money levels on racecourses – can be seen as a dress rehearsal for the task of balancing the complexities inherent in compiling a fixture list and race programme that is serviceable for all interested parties."
• "At the Qipco Champions Day, with so much serious prize-money on offer, and a magnificent horse like Frankel running like a dream, Fallon's withering assessment might sound strange."