This is the 10317th most frequent German word.
preiß
"Preiß" is a colloquial or regional term in southern Germany and Austria referring to a "Prussian" or, more generally, a person from northern Germany.
In this sentence, "Preis" refers to the cost or monetary value of the book, illustrating its noun usage in a literal sense.
Der Preis des Buches ist sehr fair.
The price of the book is very fair.
Here, "Preis" signifies an award or recognition, exemplifying its noun usage in a figurative and honorific sense.
Der Nobelpreis wird an herausragende Wissenschaftler verliehen.
The Nobel Prize is awarded to outstanding scientists.
In this instance, "preise" is a verb form meaning to praise or commend, showing its application as a verb in a positive evaluative context.