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Generally speaking, a prince consort is the husband of a queen regnant (unless he himself is a king). Current examples are the Duke of Edinburgh and Prince Henrik of Denmark.
Prince Consort (capitalized) is also a formal title. Prince Albert of Saxe-Coburg-Gotha is the only British prince consort to have held it, awarded to him in 1857 by his wife, Queen Victoria, in recognition of his status.
See also: queen consort