award noun Meaning in Cambridge Business English Dictionary
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Meaning of "award" - Business English Dictionary

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award

noun [C]
 
 
/əˈwɔːd/
a prize or a sum of money that a person or organization is given for an achievement: A new digital innovation award is aimed at media that uses the latest technology to make an improvement in delivery of news services.an award for sth A recently launched advertising agency got an award for best marketing campaign of 2009. Four finalists shared the top cash award of $160,000.accept/receive/win an award The airline received an environmental award for work relating to carbon-emissions reduction.give/make/present an award We have no hesitation in giving an award to this interesting example of large-scale urban regeneration.
LAW a sum of money that a court of law decides is owed by a company, organization, or person to someone they have treated unfairly, injured in an accident, etc.: Justice Andrew Reid confirmed that the award would total $15.5m.an award of sth The jury made an award of £380,000 in damages.make/uphold/grant an award An award for continuing cost of care for survivors of the crash was upheld by the Court of Appeal.compensation/compensatory/damage(s) award The rail company challenged the compensation payout, claiming that the damages award was excessive.
HR, MANAGEMENT an amount of money paid by a company to an employee as an increase in income or as a special payment for success: an award for sth Awards for all 600 executives have been ruled out as the group struggles to recover from a catastrophic 12-month period. As head of the bank's US credit business, she got an award of £2.18m.
a sum of money, work, etc. that is officially given to a company or organization: Including the Port Authority's $3 million award, the company got a total of $3.93 million in grants.
HR →  award wage
Translations of “award”
in Korean 상…
in Arabic جائزة…
in Portuguese prêmio, concessão…
in Catalan premi…
in Japanese 賞, 賞金, 賞品…
in Italian premio…
in Chinese (Traditional) 獎, 獎項, 獎金…
in Russian награда, премия…
in Turkish ödül, başarı ödülü, para ödülü…
in Chinese (Simplified) 奖励, 奖金…
in Polish nagroda, odszkodowanie…
(Definition of award noun from the Cambridge Business English Dictionary © Cambridge University Press)
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