Monetary prize

USAGE SUMMARY

"Monetary prize" is correct and can be used in written English.
It is often used as part of a phrase to refer to a gift or award of money. For example, "The winner of the chess tournament will receive a monetary prize of $1,000."

✓ Grammatically correct

Academia

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

57 human-written examples

A monetary prize was attached.

Encyclopedia Britannica

Recognition confers prestige rather than a monetary prize.

The New York Times

The awards included a monetary prize, and the winning books were promoted by Crossword.

Encyclopedia Britannica

The award will carry with it a monetary prize of $2,000.00.

Cornell University

The 1714 Longitude Act created the Board of Longitude to administer a large monetary prize and progress payments for the precise determination of a ship's longitude.

Explorations in Economic History

The managers had offered a monetary prize for an address to be recited at the reopening in October.

Encyclopedia Britannica

Though the awards were originally presented without a monetary prize, increasing sums of money were later added.

Britannica

As an added bonus, participants also have the chance to win a monetary prize for their poster presentation!

Stanford University

Human-verified similar examples from authoritative sources

Similar Expressions

3 human-written examples

The WSOP bracelet is considered the most coveted non-monetary prize a poker player can win.

Wikipedia

The World Series of Poker (WSOP) bracelet is considered the most coveted non-monetary prize a poker player can win.

Wikipedia

If you're trying to duck the reality of football's increasingly un-duckable human cost, or are so cynical as to regard players merely as millionaire would-be felons dealing out brain damage to one another, it helps a lot to see the men on the field as brave gladiators questing after the ultimate, non-monetary prize of a Super Bowl ring.

Vice

Expert writing Tips

Best practice

To avoid ambiguity, specify any conditions attached to the "monetary prize", for example: "The "monetary prize" is awarded upon completion of the project."

Common error

Avoid implying a financial component when recognition is purely honorary. If there's no "monetary prize", clearly state it's an honorary award or recognition.

Linguistic Context

The phrase "monetary prize" functions as a noun phrase, typically serving as the object of a verb or preposition. As Ludwig AI confirms, it denotes a reward given in the form of money.

Expression frequency: Very common

Frequent in

Academia

31%

News & Media

29%

Encyclopedias

14%

Less common in

Science

16%

Wiki

2%

Formal & Business

2%

Ludwig's WRAP-UP

In summary, the phrase "monetary prize" is a grammatically correct and frequently used noun phrase that refers to a reward given in the form of money. Ludwig AI validates its usage across various contexts, including academia, news, and encyclopedias. While suitable for professional and formal settings, a more casual term like "cash prize" may be appropriate for informal communication. When using the phrase, it's best practice to specify the amount and any conditions attached to the prize. Common substitutes include "cash award", "financial reward", and "prize money".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Prize money

Is a more concise and direct way to refer to the monetary prize.

Monetary reward

Replaces "prize" with "reward", maintaining the core concept.

Cash award

Focuses on the form of the prize being cash.

Financial reward

Emphasizes the financial aspect of the prize.

Cash incentive

Highlights the prize as a motivator.

Financial incentive

Underscores the prize's role in encouraging certain behaviors or outcomes.

Financial bonus

Implies the monetary prize is an addition to something else.

Cash bonus

Specifically refers to the prize being in the form of cash.

Grant money

Suggests that the monetary prize is given to support a specific project or purpose.

Stipend

A fixed, regular payment, often for living expenses or to support study or research.

FAQs

How do you use "monetary prize" in a sentence?

You can use "monetary prize" in a sentence like: "The winner of the competition will receive a "monetary prize" of $5,000."

What's a good substitute for "monetary prize"?

Alternatives include "cash award", "financial reward", or "prize money", depending on the context.

Is it correct to say "a prize of monetary value" instead of "monetary prize"?

While "a prize of monetary value" is grammatically correct, "monetary prize" is more concise and commonly used.

What's the difference between a "monetary prize" and a grant?

A "monetary prize" is typically awarded based on achievement or winning a competition, while a grant is usually given to support a specific project or research, but they both involve "grant money".