Award

v. give, bestow; rule, judge

n. prize; grant; arbitration award

An award is something given to a person or group of people to recognize excellence in a certain field. Awards are often signified by trophies, titles, certificates, commemorative plaques, medals, badges, pins or ribbons. An award may carry a monetary prize given to the recipient, e.g., the Nobel Prize for contributions to society, or the Pulitzer Prize for literary achievements. An award may also simply be a public acknowledgment of excellence, without any tangible token or prize.
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Noun
1. a grant made by a law court; "he criticized the awarding of compensation by the court"
(synonym) awarding
(hypernym) grant, subsidization, subsidisation
(hyponym) addiction
(classification) law, jurisprudence
2. a tangible symbol signifying approval or distinction; "an award for bravery"
(synonym) accolade, honor, honour, laurels
(hypernym) symbol
(hyponym) trophy, prize
3. something given for victory or superiority in a contest or competition or for winning a lottery; "the prize was a free trip to Europe"
(synonym) prize
(hypernym) gift
(hyponym) scholarship
(derivation) present
Verb
1. give, especially as a reward; "bestow honors and prizes at graduation"
(synonym) present
(hypernym) allocate, apportion
(hyponym) certificate
(derivation) prize
2. give on the basis of merit; "Funds are granted to qualified researchers"
(synonym) grant
(hypernym) allocate, apportion
(hyponym) pension, pension off
3. bestow an honor upon
(hypernym) honor, honour, reward
(hyponym) decorate
(derivation) accolade, honor, honour, laurels

(v. t.)
To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.
  

(v. t.)
The paper containing the decision of arbitrators; that which is warded.
  

(v. t.)
A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
  

(v. i.)
To determine; to make an award.
  

Result of an arbitration hearing or the amount of damages assessed by a Court