The term 'political prize' can be broken down into two crossword solutions: SEAT (4 letters). The term 'SEAT' in this context refers to a position of power or authority, such as a SEAT in government. This could refer to a political office, such as a SEAT in the House of Representatives or Senate, or it could refer to a position of leadership within a political party. In either case, the term 'political prize' implies that the person who holds the SEAT has achieved a certain level of success and recognition in the political arena.