award

(noun) a grant made by a law court. Synonyms: awarding. Example: "He criticized the awarding of compensation by the court."

(noun) a tangible symbol signifying approval or distinction. Synonyms: accolade, honor, honour, laurels. Example: "An award for bravery."

(noun) something given for victory or superiority in a contest or competition or for winning a lottery. Synonyms: prize. Example: "The prize was a free trip to europe."

(verb) give, especially as an honor or reward. Synonyms: present. Example: "Bestow honors and prizes at graduation."

(verb) give as judged due or on the basis of merit. Synonyms: grant. Examples: "The referee awarded a free kick to the team." "The jury awarded a million dollars to the plaintiff";"funds are granted to qualified researchers."