Also found in: Thesaurus, Legal, Idioms, Encyclopedia.
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 classic literature ?
I should leave off prizing the remembrance that he has done me nothing but good since I have known him, and that he has made a change within me, like--like the change in the grain of these hands, which were coarse, and cracked, and hard, and brown when I rowed on the river with father, and are softened and made supple by this new work as you see them now.
It is not uncommon for human clay in this condition to value itself above all things upon its great prudence and sagacity; and Mr Swiveller, especially prizing himself upon these qualities, took occasion to remark that he had made strange discoveries in connection with the single gentleman who lodged above, which he had determined to keep within his own bosom, and which neither tortures nor cajolery should ever induce him to reveal.
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.