consolation prize

noun

a prize, usually of minor value, given to the loser or runner-up in a contest, competition, etc., or to all losers who have performed well or met certain standards.

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Origin:
1885–90

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Consolation prize is always a great word to know.

So is ninnyhammer. Does it mean:

a fool or simpleton; ninny.

an extraordinary or unusual thing, person, or event; an exceptional example or instance.

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Collins

World English Dictionary

consolation prize

—n
	a prize given to console a loser of a game

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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