A "prize" is an award given to recognize achievement or excellence in a specific field. Prizes can be monetary, such as cash awards, or non-monetary, like trophies, medals, or certificates. They are often awarded in competitions, contests, or as part of a recognition program. Prizes can be found in various areas, including sports, academics, and the arts. For example, the Nobel Prize honors outstanding contributions to humanity in fields like science and literature. Similarly, Oscar Awards celebrate excellence in the film industry, highlighting the achievements of actors, directors, and other professionals.