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2 definitions found
 for prize ring
From The Collaborative International Dictionary of English v.0.48 :

  Prize \Prize\ (pr[imac]z), n. [F. prise a seizing, hold, grasp,
     fr. pris, p. p. of prendre to take, L. prendere, prehendere;
     in some senses, as 2
     (b), either from, or influenced by, F. prix price. See
         Prison, Prehensile, and cf. Pry, and also Price.]
         [1913 Webster]
     1. That which is taken from another; something captured; a
        thing seized by force, stratagem, or superior power.
        [1913 Webster]
              I will depart my pris, or my prey, by deliberation.
        [1913 Webster]
              His own prize,
              Whom formerly he had in battle won.   --Spenser.
        [1913 Webster]
     2. Hence, specifically;
        (a) (Law) Anything captured by a belligerent using the
            rights of war; esp., property captured at sea in
            virtue of the rights of war, as a vessel. --Kent.
            --Brande & C.
        (b) An honor or reward striven for in a competitive
            contest; anything offered to be competed for, or as an
            inducement to, or reward of, effort.
            [1913 Webster]
                  I'll never wrestle for prize more. --Shak.
            [1913 Webster]
                  I fought and conquered, yet have lost the prize.
            [1913 Webster]
        (c) That which may be won by chance, as in a lottery.
            [1913 Webster]
     3. Anything worth striving for; a valuable possession held or
        in prospect.
        [1913 Webster]
              I press toward the mark for the prize of the high
              calling of God in Christ Jesus.       --Phil. iii.
        [1913 Webster]
     4. A contest for a reward; competition. [Obs.] --Shak.
        [1913 Webster]
     5. A lever; a pry; also, the hold of a lever. [Written also
        [1913 Webster]
     Prize court, a court having jurisdiction of all captures
        made in war on the high seas. --Bouvier.
     Prize fight, an exhibition contest, esp. one of pugilists,
        for a stake or wager.
     Prize fighter, one who fights publicly for a reward; --
        applied esp. to a professional boxer or pugilist. --Pope.
     Prize fighting, fighting, especially boxing, in public for
        a reward or wager.
     Prize master, an officer put in charge or command of a
        captured vessel.
     Prize medal, a medal given as a prize.
     Prize money, a dividend from the proceeds of a captured
        vessel, etc., paid to the captors.
     Prize ring, the ring or inclosure for a prize fight; the
        system and practice of prize fighting.
     To make prize of, to capture. --Hawthorne.
        [1913 Webster]

From WordNet (r) 3.0 (2006) :

  prize ring
      n 1: a square ring where boxers fight [syn: boxing ring,
           prize ring]

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