Prize of war

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A prize of war is generally a piece of military property seized by the victorious party after a war or battle, typically at sea. This term was used nearly exclusively in terms of a captured ship during the 18th and 19th centuries. Prizes of war are effectively non-existent in major modern conflicts due to changes in the way wars are fought and financed, international law and oversight, and the liability of a prize being booby trapped.

[edit] See also

• Prize money