prizefund
nounUK /ˈpraɪz.fʌnd/
US /ˈpraɪz.fʌnd/
A prizefund is the money collected to give as a prize.
The school used the prizefund to buy a big trophy for the winner.
RELATED WORDS
OTHER MEANINGS
2. The total amount of money offered to the winner of a competition.
The prizefund for the spelling bee was fifty dollars.
3. Money set aside by a group to reward someone for good work.
Our club started a prizefund for the best science project.
4. A collection of donations used to pay out awards.
They added every ticket sale to the prizefund.