prize (redirected from appreciate)

prize, in maritime law, the private property of an enemy that a belligerent captures at sea. For the capture of the vessel or cargo to be lawful it must be made outside neutral waters and by authority of the belligerent. A prize court, in the territory of the belligerent or in that of an allied power, must adjudicate that the property belonged to an enemy national. After the prize is captured, it is ordinarily placed in charge of a prize master and sent into port for judicial proceedings; however, if the enemy character of the ship is readily apparent, it may be destroyed at sea (after passengers, crew, and ship's papers have been removed), with the captor's government being liable for the losses of neutrals. If the prize is sold before being adjudicated, the proceeds must be delivered to the court for distribution. In the case of condemnation, the entire proceeds go to the belligerent government. In the United States, since 1899, the crew of the vessel effecting capture has had no right to share in the profits of the sale. A prize court renders a decision on the basis of the ship's papers, the testimony of those on board, and other relevant factors. If the ship is not condemned, it is released and damages are awarded where no justifiable reason for its capture has been shown. Prize law initially developed from the desire of governments to share in the profits made by ships engaged in privateering. The governments also wished to minimize diplomatic claims for damages by establishing regular procedures for disposing of captures. Although they nominally apply international law, prize courts (in the United States, the federal courts) in awarding judgment have been influenced, or even bound, by the national law. To avoid this, prize cases are sometimes referred to international tribunals. Efforts to establish an international prize court with appellate jurisdiction, however, have not succeeded.

Bibliography

See J. W. Garner, Prize Law during the World War (1927); C. J. Colombos, Treatise on the Law of Prize (3d ed. 1949).

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prize

1. something given to the winner of any game of chance, lottery, etc.

2. any valuable property captured in time of war, esp a vessel

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Prize

Prodigality (See DISSIPATION.)

Achsah

Caleb’s daughter; promised in marriage to conqueror of Debir. [O.T.: Joshua 15:16–19; Judges 1:12–15]

blue ribbon

denotes highest honor. [Western Folklore: Brewer Dictionary, 127]

Bollingen

annual prize for highest achievement in American poetry. [Am. Lit.: Hart, 88]

Emmy

awarded annually for best achievements in television programing and performance. [TV: Misc.]

Enrico Fermi Award

given for “exceptional and altogether outstanding achievement” in atomic energy. [Am. Hist.: Misc.]

Eva

to marry winner of singing contest. [Ger. Opera: Wagner, Meistersinger, Westerman, 225–228]

gold medal

traditional first prize. [Western Cult: Misc.]

Goncourt

annual award for best French fiction. [Fr. Lit.: NCE, 1106]

Grammy

awarded by the National Academy of Recording Arts and Sciences for the best in the recording field. [Am. Hist.: Misc.]

Guggenheim

annual fellowships for creative work. [Am. Hist.: Hart, 337]

Heisman Trophy

awarded to the outstanding college football player of the year by New York Athletic Club. [Am. Sports: Misc.]

laurel wreath

ancient award for victory. [Western Cult.: Brewer Dictionary]

Medal of Freedom

highest award given a U.S. citizen; established 1963. [Am. Hist.: Misc.]

National Book Award

given by the American Academy and Institute of Arts and Letters to outstanding works. [Am. Hist.: Misc.]

Newbery-Caldecott Medal

awarded by the American Library Association for outstanding children’s books. [Am. Hist.: Misc.]

Nobel

monetary awards for outstanding contributions benefiting mankind. [World. Hist.: Wheeler, 718]

Oscar

gold statuette awarded to film actors, directors, writers, technicians, etc. [Am. Cinema: Brewer Dictionary, 788]

Pulitzer

awards made in letters, music, and journalism. [Am. Hist.: Wheeler, 824]

Silken Threads

the three great prizes of honor in Lilliput. [Br. Lit.: Gulliver’s Travels]

Tony (Antoinette Perry Award)

presented annually for outstanding work in the Broadway theater. [Am. Hist.: Misc.]