Wiktionary
a. That wins prizes (used especially of livestock) n. 1 (context dated nautical English) The capture of an enemy ship at sea; this results in a payment to all hands from the Admiralty 2 The winning of a prize in a competition
Usage examples of "prize-taking".
They sat down, just the three of them, in the breakfast parlour, the pleasantest room in the house, and part of the original Ashgrove Cottage as it was before Jack Aubrey, during those spates of gold that sometimes reached the more fortunate commanders in that prize-taking war, had thrown out wings,stable-blocks, the double coach-house, bow-windows here and there, the corner balcony, and a row of cottages for old shipmates: just the three of them, for although the children were much loved and cherished they ate with Miss O'Hara, sitting quite straight, never touching the backs of their chairs, and speaking only when they were spoken to.
But that love was not to be compared to the privateer's consuming passion, for his prize-taking was his whole way of life, his sole raison d'etre.