No*bel" prizes (?).
Prizes for the encouragement of
men and women who work for the interests of humanity, established by
the will of A. B. Nobel (1833-96), the Swedish inventor of dynamite,
who left his entire estate for this purpose. They are awarded yearly
for what is regarded as the most important work during the year in
physics, chemistry, medicine or physiology, idealistic literature, and
service in the interest of peace. The prizes, averaging $40,000 each,
were first awarded in 1901.
© Webster 1913.