A big prize
awarded to the single top winner
in a contest
. Depending on the type of contest, may include lots of money
, a car
, a trip
, or just about anything.
Just as some buildings have both a ground floor and a first floor, while in others these are one and the same, in some contests the next prize after the grand prize is called a first prize, in others this is the same as the grand prize and the next prize is a second prize.