Prize money is a term commonly used to describe the monetary reward given to an individual or team for their efforts in winning a competition. However, there are several synonyms for the term prize money, which can be used interchangeably. Some of these synonyms include cash reward, award money, payout, purse, jackpot, prize pool, and winnings. These synonyms are often used in various contexts, such as in sports events, game shows, contests, or lotteries. Regardless of the term used, the concept of prize money remains the same, which is to reward individuals or teams for their exceptional performance or achievement.