Definition of award:
(n) :
a
trophy or
medal; something that denotes an accomplishment, especially in a competition; a
judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted
(v) :
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; to determine; to make an award