Source : Webster's Revised Unabridged Dictionary (1913)

Prospect \Pros"pect\, n. [L. prospectus, fr. prospicere,
   prospectum, to look forward; pro before, forward + specere,
   spicere, look, to see: cf. OF. prospect. See {Spy}, v., and
   cf. {Prospectus}.]
   1. That which is embraced by eye in vision; the region which
      the eye overlooks at one time; view; scene; outlook.

            His eye discovers unaware The goodly prospect of
            some foreign land.                    --Milton.

   2. Especially, a picturesque or widely extended view; a
      landscape; hence, a sketch of a landscape.

            I went to Putney . . . to take prospects in crayon.
                                                  --Evelyn.

   3. A position affording a fine view; a lookout. [R.]

            Him God beholding from his prospect high. --Milton.

   4. Relative position of the front of a building or other
      structure; face; relative aspect.

            And their prospect was toward the south. --Ezek. xl.
                                                  44.

   5. The act of looking forward; foresight; anticipation; as, a
      prospect of the future state. --Locke.

            Is he a prudent man as to his temporal estate, that
            lays designs only for a day, without any prospect
            to, or provision for, the remaining part of life ?
                                                  --Tillotson.

   6. That which is hoped for; ground for hope or expectation;
      expectation; probable result; as, the prospect of success.
      ``To brighter prospects born.'' --Cowper.

            These swell their prospectsd exalt their pride, When
            offers are disdain'd, and love deny'd. --Pope.

Prospect \Pros"pect\, v. t. [imp. & p. p. {Prospected}; p. pr. &
   vb. n. {Prospecting}.]
   To look over; to explore or examine for something; as, to
   prospect a district for gold.

Prospect \Pros"pect\, v. i.
   To make a search; to seek; to explore, as for mines or the
   like; as, to prospect for gold.

Source : WordNet®

prospect
     v 1: search for something desirable; "prospect a job"
     2: explore for useful or valuable things or substances, such as
        minerals

prospect
     n 1: the possibility of future success; "his prospects as a
          writer are excellent"
     2: belief about (or mental picture of) the future [syn: {expectation},
         {outlook}]
     3: someone who is considered for something (for an office or
        prize or honor etc.) [syn: {candidate}]
     4: the visual percept of a region; "the most desirable feature
        of the park are the beautiful views" [syn: {view}, {aspect},
         {scene}, {vista}, {panorama}]
     5: a prediction of the course of a disease [syn: {prognosis}, {medical
        prognosis}]