1.
runner-up, second place
The competitor or team that finishes second in a competition.
準優勝 means runner-up or second place in a competition.
Common expressions
Competition vocabulary
The prefix 準~ means "quasi-" or "semi-" and appears in many terms: 準備 (preparation).
Related Words
Related:
優勝 (championship)
Related:
二位 (second place)
Compare:
二等 (second class)
Compare:
次点 (runner-up)