award
n. countablen. a prize or a sum of money you receive for doing something very well. It is a formal way to show that someone's work or talent is special.
n. a prize, mark of recognition, or sum of money bestowed in honour of an achievement. In a legal context, it refers to a formal decision or payment granted by a court or arbitrator.
She won an award for the best short story.
The committee presented the lifetime achievement award to the scientist during the gala dinner.
The jury's substantial award of damages reflected the severity of the contract breach and the financial losses the plaintiff suffered.
From Middle English awarden, from Anglo-Norman awarder, from Medieval Latin *exwardare, from Latin ex (“out”) + Medieval Latin wardare, guardare (“to observe, regard, guard”); see ward, guard, regard.
Commonly used with the verbs 'win', 'receive', 'present', or 'grant'.
He won a reward for his actingHe won an award for his actingAn 'award' is a formal prize for merit; a 'reward' is usually money given for helping someone or returning a lost item.