Prize money

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Updated: Aug 20, 2021

The proceeds of the sale of property, particularly of ships, seized in war, and distributed among the captors in proportions that at sea seem to have favoured the senior members of the crew considerably.

Reference: The Penguin Business Dictionary , 3rd edt.



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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.