Definition of awards:
(n) :
A trophy or medal; something that denotes an accomplishment, especially in a competition. A prize or honor based on merit.
(n) :
(academia) Funding that has been granted for the conduct of a research project.
(v) :
(transitive) To give (an award).
(v) :
(transitive) To give (a person) an award.
(n) :
(Australia, NZ, industrial relations) A negotiated set of employment conditions and minimum wages for a particular trade or industry; an industrial award.
(v) :
(intransitive) To determine; to make or grant an award.