Definition of prizes:
(n) :
An honour or reward striven for in a competitive contest; anything offered to be competed for, or as an inducement to, or reward of, effort.
(n) :
Anything worth striving for; a valuable possession held or in prospect.
(adj) :
Having won a prize; award-winning.
(n) :
That which is taken from another; something captured; a thing seized by force, stratagem, or superior power.
(n) :
(military, nautical) Anything captured by a belligerent using the rights of war; especially, property captured at sea in virtue of the rights of war, as a vessel.
(n) :
That which may be won by chance, as in a lottery.