A prize given to a contestant who does well but does not win, or who wins in a match for those previously defeated.
A prize given to a competitor who loses or does not win the first prize.
The definition of consolation prize is something given to a person who does not win first place.
1. An example of a consolation prize is a certificate of participation given to all who entered a race.
2. An example of a consolation prize is a girl who refuses a date to the prom because she knows that she was only asked because the boy's first choice said no. She might say "I'm not your consolation prize."
An award given to persons or groups of people who do not win an event but are worthy of recognition, especially in a game show.