Oscar UK /ˈɒs.kə/US /ˈɑs.kɚ/ noun3 •a prize given each year in the United States for the best work in moviesThe gulf between cinephiles and the public has grown wide. There are pictures that make a lot of money, but seldom win big Oscars or attract young people to the show — 2016 •A statuette awarded by the Academy of Motion Picture Arts and Sciences. •(Australia, slang) cash; money. formsOscars