Meaning of the word prizes in English

What does prizes mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

prizes

US /praɪzɪz/
UK /praɪzɪz/

Plural Noun

rewards given to the winner of a contest or competition

Example:
•
The first three winners received valuable prizes.
•
There are many exciting prizes to be won in the raffle.