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English definition of “award”

award

verb [T] uk   /əˈwɔːd/ us    /-ˈwɔːrd/
B2 to give money or a prize following an official decision: Carlos was awarded first prize in the essay competition. The jury awarded libel damages of £100,000. [+ two objects] The university has awarded her a $500 travel grant.Giving, providing and supplying

award

noun [C] uk   /əˈwɔːd/ us    /-ˈwɔːrd/
B2 a prize or an amount of money that is given to someone following an official decision: They have authorized awards of £900 to each of the victims. the Academy Award for Best DirectorGifts in the form of moneyPresents and giftsPrizes, rewards and medals
(Definition of award from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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