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PRICE

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Originally appearing in Volume V22, Page 315 of the 1911 Encyclopedia Britannica.
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PRICE , the See also:

equivalent in See also:money for which a commodity is sold or See also:purchased, the value of anything expressed in terms of a See also:medium of See also:exchange (see VALUE and See also:WEALTH). The word is a doublet of " praise," See also:commendation, eulogy, See also:Lat. laus, and " See also:prize," a See also:reward of victory, the ultimate source of which is the Lat. pretium; the See also:Aryan See also:root See also:par-, to buy, is seen in Skr. papa, See also:wages, reward, Gr. 7r0rpaQrceev, to sell, &c. The O. Fr. pris, mod. prix, was taken from a See also:Late Latin See also:form precium, and had the various meanings of the See also:English, " price," " prize," and " praise "; it was adapted in English as pris or prise and was gradually differentiated in form for the different meanings; thus " praise " was See also:developed from an earlier verbal form preise or preyse in the 15th See also:century; the See also:original meaning survives in " appraise," to set a value to anything, cf. the cur-See also:rent meaning of " to prize," to value highly. " Prize," re-See also:ward, does not appear as a See also:separate form till the 16th century. In " prize-fight," a See also:boxing contest for money, the See also:idea of reward seems clear, but the word appears earlier than the form " prize " in this sense and means a contest or match, and may be a different word altogether; the New English See also:Dictionary compares the See also:Greek use of aBXov, literally reward, hence contest. " Prize " in the sense of that which is captured in See also:war, especially at See also:sea, is a distinct word. It comes through the Fr. prise, See also:early Romanic presa for prensa, from Lat. praehendere, to seize, See also:capture. For the See also:international See also:law on the subject see PRIZE.

End of Article: PRICE

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PRICE, BARTHOLOMEW (1818–1898)

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