IPA: //ˈpraɪzfaɪt//
KK: /ˈpraɪzˌfaɪt/
A boxing match where professional fighters compete for money or a reward.
The prizefight attracted a large crowd eager to see the champion defend his title.
Prizefight → It is formed from "prize" (from Old French *pris*, meaning value or reward) and "fight" (from Old English *feohtan*, meaning to engage in combat). The word refers to a fight that is held for a reward or value, typically in a competitive setting.
Think of a 'reward' ('prize') for engaging in 'combat' ('fight') — that's what a prizefight is all about.