* General meaning: The prospect of a long vacation filled me with excitement.
* As a noun meaning "possibility": The prospects of finding a job in this economy are slim.
* As a noun meaning "potential customer": The sales team is focusing on identifying new prospects for the product.
* As a verb meaning "to explore": We prospected the area for gold, but found nothing.
More examples:
* The company is optimistic about the prospect of expanding into new markets.
* The interview went well, and I'm feeling hopeful about the job prospects.
* The miners prospected the land for valuable minerals.
* She prospected for new clients by attending industry conferences.