Bounty
A bounty in a tournament is a prize that is won by eliminating a player.
In a split-pot game, the bounty is typically awarded to the winner of the high hand/five-card hand portion. In a chopped pot, the bounty winner will be the player in worst position.
The winner of the tournament keeps their bounty.
At BARGE 2021, the No Limit California Lowball tournament featured a “green chip” ($25) bounty per player.