Prestigious Prize Crossword Clue — 5 Letters

One confident answer with explanation of the wordplay

OSCAR
Possible
O
S
C
A
R

OSCAR is a prestigious prize (the Academy Award), a very common 5-letter crossword answer for "prestigious prize." Other possibilities include NOBEL or AWARD.

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Other possible answers
NOBELThe Nobel Prize is one of the most prestigious prizes in the world, exactly 5 letters.
AWARDA general synonym for prize, 5 letters, common crossword fill.
PRIZEDirect synonym for the clue word itself, 5 letters.
OBIEThough only 4 letters, the Obie is a prestigious theater award — does not fit.

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