Nobel Prize definition

  • noun:
    • Any of the intercontinental awards granted annually by the Nobel Foundation for outstanding achievements within the industries of physics, biochemistry, physiology or medication, literary works and also for the advertising of world comfort; or perhaps the prize in business economics granted by the Swedish nationwide Bank, in memorial of Alfred Nobel.
    • Prizes when it comes to support of men and ladies who benefit the interests of mankind, set up because of the might of Alfred B. Nobel (1833-1896), the Swedish creator of dynamite, whom left his whole property for this function. They have been granted yearly for just what is deemed the most crucial work through the year in physics, chemistry, medication or physiology, idealistic literature, and solution in interest of comfort. The prizes, averaging $40,000 each, had been initially granted in 1901. The monetary value associated with awards have actually increased annually, to near one million U. S. bucks because of the end of the 20th century.
    • a yearly award for outstanding efforts to biochemistry or physics or physiology and medication or literary works or economics or peace

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