consulation prize

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Term: Consolation Prize

Part of Speech: Noun

Sense: A prize given to a person who did not win a competition but still performed well or made an effort.

Usage:

The runner-up received a consolation prize for his outstanding performance in the race.
Although she didn't win the contest, she was happy to receive a consolation prize for her efforts.
The spelling bee participants who didn't make it to the final round were awarded consolation prizes.

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