Definition of "Award" :

noun: a grant made by a law court

"He criticized the awarding of compensation by the court."

noun: a tangible symbol signifying approval or distinction

"An award for bravery."

noun: something given for victory or superiority in a contest or competition or for winning a lottery

verb: give, especially as an honor or reward

verb: give as judged due or on the basis of merit

"The referee awarded a free kick to the team."