Meaning

noun something given for victory or superiority in a contest or competition or for winning a lottery

noun goods or money obtained illegally

noun something given as a token of victory

originFrom Middle English prise, from Old French prise (“a taking, capture, a seizure, a thing seized, a prize, booty, also hold, purchase”), past participle of prendre (“to take, to capture”), from Latin prēndere (“to take, seize”); see prehend. Compare prison, apprise, comprise, enterprise, purprise, reprisal, surprise, etc. Doublet of prise.

Etymology from Wiktionary, CC BY-SA 3.0