Prize money has a distinct meaning in warfare, especially naval warfare, where it was a monetary reward paid out to the crew of a ship for capturing or sinking an enemy vessel. The claims for the bounty are usually heard in a Prize Court. This article covers the arrangements of the British Royal Navy, but similar arrangements were used in the navies of other nations, and existed in the British Army and other armies, especially when a city had been taken by storm.
Famous quotes containing the words prize and/or money:
“Eternall God, O thou that onely art
The sacred Fountain of eternall light,
And blessed Loadstone of my better part;
O thou my heart’s desire, my soul’s delight,
Reflect upon my soul, and touch my heart,
And then my heart shall prize no good above thee;
And then my soul shall know thee; knowing, love thee;
And then my trembling thoughts shall never start
From thy commands, or swerve the least degree,
Or once presume to move, but as they move in thee.”
—Francis Quarles (1592–1644)
“What is important for kids to learn is that no matter how much money they have, earn, win, or inherit, they need to know how to spend it, how to save it, and how to give it to others in need. This is what handling money is about, and this is why we give kids an allowance.”
—Barbara Coloroso (20th century)