Definitions for "Nobel prize"
Prizes for the encouragement of men and women who work for the interests of humanity, established by the will of Alfred B. Nobel (1833-1896), the Swedish inventor of dynamite, who left his entire estate for this purpose. They are awarded yearly for what is regarded as the most important work during the year in physics, chemistry, medicine or physiology, idealistic literature, and service in the interest of peace. The prizes, averaging $40,000 each, were first awarded in 1901. The monetary value of the awards have increased each year, to near one million U. S. dollars by the end of the 20th century.
Royal Swedish Academy of Sciences awards Nobel prizes to individuals who make outstanding contributions in Literature, Economics, Medicine, Physiology, Physics, and Chemistry in Stockholm, Sweden. The Norwegian Nobel Committee awards the Nobel Peace Prize to an individual who has made an outstanding contribution to world peace in Oslo, Norway. The first prize was given in 1901; thereafter, Swedish scientist and inventor, Alfred Nobel, established a trust fund for the prizes. The Nobel Prizes are announced on October 21, the anniversary of Alfred Nobel's birthday; prizes are awarded on December 10, the anniversary of his death. Headquarters is in Stockholm, Sweden.
A prize given annually for discoveries or developments in a number of fields including chemistry, physics and medicine. The money for the prize, which was first awarded in 1901, was donated by Alfred Nobel - 1833 to 1896 - the Swedish chemist who invented dynamite.