People, cars, schools, clubs, banks––all can be said to have prestige. Star in a blockbuster movie? Your prestige level just shot up. Get caught shoplifting? A prestige killer.
When something has prestige it is said to be prestigious. Often this is applied to colleges––"After earning straight As and lettering in three Varsity sports, Vivian had her choice among prestigious universities." To remember this word think about pres- — people or things with prestige often are covered by the press.