The term 'prize seeker' can be broken down into two words: ENTRANT and CONTESTANT. An ENTRANT is someone who enters a competition or contest, while a CONTESTANT is someone who actively participates in a competition or contest. Both terms refer to someone who is trying to win a prize or reward. Entrants and contestants are often motivated by the potential of winning a prize or reward, and may take part in a variety of competitions or contests in order to do so.