Summary

1911 Encyclopædia Britannica, Volume 22… (1911)

The O. Fr. pris, mod. prix, was taken from a Late Latin form precium, and had the various meanings of the English, “price,” “prize,” and “praise”; it was adapted in English as pris or prise and was gradually differentiated in form for the different meanings; thus “praise” was developed from an earlier verbal form preise or preyse in the 15th century; the original meaning survives in “appraise,” to set a value to anything, cf. the current meaning of “to prize,” to value highly. “Prize,” reward, does not appear as a separate form till the 16th century.
Source: Wikisource

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