Prize (noun)

1. An award or reward given in recognition of an achievement or excellence.
2. A valuable item, such as a cup or trophy, that is awarded to the winner of a competition or tournament.
3. Something highly valued that is sought after or pursued.

Origin:

Late middle english from old french prise meaning a taking, a prize, from the verb prendre meaning to take.

Examples:

1. The Nobel Prize is considered one of the most prestigious awards in the world.
2. The winner of the science fair was awarded a prize of $1,000.
3. The prize for completing the marathon was the satisfaction of having accomplished a difficult goal.
4. The prize for winning the championship game was a trip to Disney World.
5. The prize of a successful career is the ability to live a comfortable life and provide for one's family.