apprize (v.)

c. 1400, appreisen, "to set a value on," from stem of Old French aprisier "appraise, set a price on" (14c., Modern French apprécier), from Late Latin appretiare "value, estimate," from ad "to" (see ad-) + pretium "price" (see price (n.)). The original English spelling, also apprize, was altered by influence of praise. Related: Appraised; appraising.

"that which is obtained or offered as the reward of exertion or contest; reward or symbol of victory," spelling alteration of Middle English prise (c. 1300 in this sense), from Old French pris "price, value, worth; reward" (see price (n.)). Figuratively, "anything worth striving for," from c. 1600. As an adjective, "worthy of a prize," from 1803. The spelling with -z- is from late 16c. Prize-fighter is from 1703; prize-fight (one for a prize) from 1730.