Noun
consolation prize (plural consolation prizes)
An award or small item given to persons or groups of people who do not win an event but are worthy of recognition, especially in a game show.
The greater the artist, the greater the doubt; perfect confidence is granted to the less talented as a consolation prize. Robert Hughes
Livability has always struck me as a consolation prize. Jonathan Raymond
It's always been a dream of mine, and a childhood fantasy, to play a great champion. I would much rather haven been an athlete than an actor. This is like some second place consolation prize. Mark Wahlberg
For the first season, if a contestant did not do so he/she was awarded $2,500 cash as a consolation prize. Source: Internet
In addition, the consolation prize amount also was used for each contestant's square in the event that time ran out during a game, and was counted towards their cash total to determine the day's champion. Source: Internet
Teams’ consolation prize of missing out on the draft’s top 3 wide outs consist of the following names: Laviska Shenault Jr, Tee Higgins, Jalen Reagor, K.J. Hamler, Justin Jefferson, Denzel Mims, and Brandon Aiyuk. Source: Internet