Noun
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something given for victory or superiority in a contest or competition or for winning a lottery
"the prize was a free trip to Europe"
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a tangible symbol signifying approval or distinction
"an award for bravery"
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a grant made by a law court
"he criticized the awarding of compensation by the court"
Verb
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give as judged due or on the basis of merit
"the referee awarded a free kick to the team"
"the jury awarded a million dollars to the plaintiff"
"Funds are granted to qualified researchers"
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give, especially as an honor or reward
"bestow honors and prizes at graduation"