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Related to prizing: consolation prize

prize 1

a. Something offered or won as an award for superiority or victory, as in a contest or competition.
b. Something offered or won in a lottery or similar game of chance.
2. Something worth striving for; a highly desirable possession.
1. Offered or given as a prize: a prize cup.
2. Given a prize, or likely to win a prize: a prize cow.
3. Worthy of a prize; first-class: our prize azaleas.
tr.v. prized, priz·ing, priz·es
1. To value highly; esteem or treasure. See Synonyms at appreciate.
2. To estimate the worth of; evaluate.

[Alteration of Middle English pris, value, price, reward; see price.]

prize 2

Something seized by force or taken as booty, especially an enemy ship and its cargo captured at sea during wartime.

[Alteration of Middle English prise, from Old French, from feminine past participle of prendre, from Latin prehendere, prēndere, to seize; see ghend- in Indo-European roots.]

prize 3

also prise  (prīz)
tr.v. prized, priz·ing, priz·es also prised or pris·ing or pris·es
To move or force with a lever; pry: prized open the antique chest.
Chiefly Southern US Something used as a lever or for prying.

[From Middle English prise, instrument for prying, probably from prise, the taking of something; see prize2.]
References in periodicals archive ?
Participants will have a chance to win one of many prizes, including a grand prize (to be determined by the online prizing poll), a private screening of the next movie, Harry Potter and the Prisoner of Azkaban (first prize) or one of thousands of Harry Potter merchandise prizes.
The online prizing poll is for entertainment purposes only.