Meaning of the word prizefight in English

What does prizefight mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

prizefight

US /ˈpraɪz.faɪt/
UK /ˈpraɪz.faɪt/
"prizefight" picture

Noun

a boxing match in which the winner receives a prize, especially money

Example:
The old arena used to host famous prizefights.
He trained for months for the upcoming prizefight.