prize money
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prize money
A sum of money won as a prize in a competition, lottery, or race.
Die Gewinnerin des Tennisturniers erhielt ein Preisgeld von einer Million Euro.
The winner of the tennis tournament received prize money of one million euros.
The word is a clear compound of 'der Preis' (prize) and 'das Geld' (money). So it literally refers to money that you receive as a prize.
Das Preisgeld für den ersten Platz ist sehr hoch.
The prize money for first place is very high.
'Preisgeld' (prize money) is often combined with verbs like 'gewinnen' (to win), 'erhalten' (to receive), or 'bekommen' (to get). When referring to the organizers, the prize money is 'ausgeschüttet' or 'ausgezahlt' (paid out).
Die Mannschaft hat das Preisgeld unter sich aufgeteilt.
The team divided the prize money among themselves.
To describe the amount of the prize money, adjectives such as 'hoch' (high), 'niedrig' (low), 'attraktiv' (attractive), or 'beachtlich' (substantial) are often used.
Für den Sieg gab es ein beachtliches Preisgeld.
There was substantial prize money for the victory.
price / prize
'der Preis' and 'das Preisgeld' are both connected to winning something in a competition. 'Preis' is more general: it can be an award, a trophy, a certificate, or money. 'Preisgeld' is always a sum of money that you receive as a prize. Learners may confuse the words because a prize can sometimes consist of money. If you want to say specifically that it is about money, 'Preisgeld' is more precise.
Meine Kollegin spart das Preisgeld, weil sie davon eine Reise machen möchte.
My colleague is saving the prize money because she wants to use it to take a trip.
Hannah hat in der Pause von ihrem Preis beim Fotowettbewerb erzählt.
During the break, Hannah talked about her prize in the photo competition.