Oxford Dictionary English consolation prize nounnoun BrE BrE//ˌkɒnsəˈleɪʃn praɪz// ; NAmE NAmE//ˌkɑːnsəˈleɪʃn praɪz// Add to my wordlistjump to other resultsa small prize given to somebody who has not won a competitionSee consolation prize in the Oxford Advanced American DictionaryCheck pronunciation: consolation prize oxfordlearnersdictionaries.com