award

• Noun

  1. A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
  2. The paper containing the decision of arbitrators; that which is warded.
  3. Funding that has been granted for the conduct of a research project.
  4. A trophy or medal; something that denotes an accomplishment, especially in a competition. A prize or honor based on merit.
  5. A negotiated set of employment conditions and minimum wages for a particular trade or industry; an industrial award.

• Verb