Source : Webster's Revised Unabridged Dictionary (1913)

Prize \Prize\, v. t. [imp. & p. p. {Prized}; p. pr. & vb. n.
   {Prizing}.] [F. priser, OF. prisier, preisier, fr. L.
   pretiare, fr. pretium worth, value, price. See {Price}, and
   cf. {Praise}.] [Formerly written also {prise}. ]
   1. To set or estimate the value of; to appraise; to price; to
      rate.

            A goodly price that I was prized at.  --Zech. xi.
                                                  13.

            I prize it [life] not a straw, but for mine honor.
                                                  --Shak.

   2. To value highly; to estimate to be of great worth; to
      esteem. ``[I] do love, prize, honor you. '' --Shak.

            I prized your person, but your crown disdain.
                                                  --Dryden.

Prizing \Priz"ing\, n. [See 2d {Prize}.]
   The application of a lever to move any weighty body, as a
   cask, anchor, cannon, car, etc. See {Prize}, n., 5.