Prize money is a term used to describe the monetary rewards given out for winning a competition or game. The term can be broken down into four different words: PURSE (5 letters), STAKE (5 letters), POT (3 letters), and doorprize (9 letters). A PURSE is a bag used to store money, a STAKE is an amount of money put forward as a bet, a POT is a container used to hold money, and a doorprize is a prize given away at random to someone who enters a contest.