Prize money has a distinct meaning in warfare, especially
naval warfare, where it was a monetary reward paid out under
prize law to the crew of a ship for capturing or sinking an enemy vessel. The claims for the
bounty are usually heard in a
Prize Court. This article covers the arrangements of the British
Royal Navy, but similar arrangements were used in the navies of other nations, and existed in the
British Army and other armies, especially when a city had been taken by storm.