prize money

money offered, won, or received in prizes.

a portion of the money realized from the sale of a prize, especially an enemy's vessel, divided among the captors.

Origin of prize money

First recorded in 1740–50

The supply and training of seamen was also dealt with, and the whole system of pay and of prize-money revised and reorganised.

History of Holland |George Edmundson
While in the privateer service, I had saved about two hundred pounds in prize-money.

Wilson's Tales of the Borders and of Scotland |Various
I inquired, as the bright idea occurred to me; “I will return it to him out of my pay and prize-money.”

Dick Cheveley |W. H. G. Kingston
An opinion had been given by Dr. Lawrence, which would have excluded the junior flag-officers from prize-money.

The Life of Horatio Lord Nelson |Robert Southey

All the old sailors were sullen over the delay in the payment of the prize-money of their last cruise.

The Naval History of the United States |Willis J. Abbot.

prize money

any money offered, paid, or received as a prize

(formerly) a part of the money realized from the sale of a captured vessel