Why is the turner prize called prize?

The Turner Prize is called a "prize" because it is, in fact, a prize awarded annually to a British artist.

The prize, established in 1984, is named after the 18th-century English painter J.M.W. Turner and is considered one of the most prestigious art awards in the United Kingdom.

The word "prize" accurately reflects the nature of the award, which is given to an artist in recognition of their outstanding work. It includes a cash award and a significant boost to the winner's career.