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award

noun [C]
 
 
/əˈwɔːd/ US  /-ˈwɔːrd/

Definition

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 noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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