That which is taken from another; something captured; a thing seized by force, stratagem, or superior power.
Anything captured by a belligerent using the rights of war; esp., property captured at sea in virtue of the rights of war, as a vessel.
name used to describe an enemy vessel captured at sea by a ship of war or a privateer; also used to describe a contraband cargo taken from a merchant ship. A 'prize court' would then determine the validity of capture of ships and goods and authorize their disposal. 'Prize' in British naval history always acted as considerable incentive to recruitment with many men tempted to join the navy in anticipation of quick riches.