Nobel prize: Meaning and Definition of

No'bel prize'

Pronunciation: [key]
  1. any of various awards made annually, beginning in 1901, from funds originally established by Alfred B. Nobel for outstanding achievement in physics, chemistry, medicine or physiology, literature, and the promotion of peace; an annual award in economics was established in 1969 from private funds.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.