Verb: To give a prize in recognition of an achievement.
Noun: A prize given in honor of an achievement.
The Michelin publication awards stars of excellence to the good restaurants of its selection.
The movie received an award for best picture.
He finished first in his class and received an award certificate for his good results.
Merriam-Webster Online Dictionary
award (verb)transitive verb
1.
to give by judicial decree or after careful consideration
2.
to confer or bestow as being deserved or merited or needed - award scholarships to disadvantaged students grant
1.
a) a judgment or final decision , especially the decision of arbitrators in a case submitted to them
b) the document containing the decision of arbitrators
2.
something that is conferred or bestowed especially on the basis of merit or need
