Meaning

noun a boxing match between professional boxers for a cash prize

verb box for a prize or money

originEtymology tree English prize English fight English prizefight From prize + fight – the term prize originally referred to rank advancement, not a monetary prize. Based on Renaissance English Prize Playing (16th century) within the Company of Maisters of the Science of Defence [sic] – public rank advancement fights within the organization, wherein the “prize” was rank advancement. The company later…

Etymology from Wiktionary, CC BY-SA 3.0