Prized inventor of dynamite (5)

I believe the answer is:

nobel

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'inventor of dynamite' is the definition.
(I've seen this before)

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for nobel that I've seen before include "Prize guy" , "he provided prizes" , "Alfred --, international prize founder" , "Swedish philanthropist and inventor of dynamite" , "Prize title" .)

I've seen this clue in The Globe and Mail.

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