Loser might receive this as consolation (5)
I believe the answer is:
prize
'loser might receive this as consolation' is the definition.
Although both the answer and definition are singular nouns, I don't see how one could define the other.
This is all the clue.
Can you help me to learn more?
(Other definitions for prize that I've seen before include "Reward for having won a contest" , "Token of victory" , "Award; value highly" , "See 5 Down" , "Reward won in competition" .)