Parting-gift Definition

noun

A gift given to someone who is leaving; a leaving present.

Wiktionary
Offering given, usually as a consolation prize, to a person who is not the ultimate winner of a contest. Often used in a game show for contestants who are not the grand prize winner.
Like a game show contestant with a parting gift. I could not believe my eyes. - Blues Traveler, Runaround.
Wiktionary

Other Word Forms of Parting-gift

Noun

Singular:
parting-gift
Plural:
parting gifts

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parting-gift