A "Nobel Prize laureate" is an individual or organization that has been awarded a Nobel Prize, which is a prestigious international honor. Established by the will of Alfred Nobel, the prizes are given annually in several categories, including Peace, Literature, Physics, Chemistry, and Physiology or Medicine. The awards recognize significant contributions to humanity in these fields. Nobel Prize laureates are selected by various committees and organizations, depending on the category. The prizes are awarded based on the laureates' achievements and impact on society, and they often receive a medal, a diploma, and a monetary award.