award

from The American Heritage® Dictionary of the English Language, 5th Edition.

• transitive verb To grant as merited or due.
• transitive verb To grant an amount or other benefit legally due.
• noun Something awarded or granted, as for merit.
• noun An amount or other benefit granted as legally due.

from The Century Dictionary.

• noun A decision after examination and deliberation; a judicial sentence; especially, the decision of arbitrators on points submitted to them, or the document containing such a decision.
• noun That which is awarded or assigned by such a decision, as a medal for merit, or a sum of money as damages, etc.
• To adjudge to be due; assign or bestow as of right; give by judicial determination or deliberate judgment, especially upon arbitration or umpirage: as, to award the prizes at a school examination; the arbitrators awarded him heavy damages.
• To sentence; adjudge or determine the doom of.
• In a general sense, to permit the possession of; allow; allot; yield.
• To guard.
• To ward off.

from the GNU version of the Collaborative International Dictionary of English.

• transitive verb To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge.
• intransitive verb To determine; to make an award.
• noun A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
• noun The paper containing the decision of arbitrators; that which is warded.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun law A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
• noun law The paper containing the decision of arbitrators; that which is warded.
• noun A trophy or medal; something that denotes an accomplishment, especially in a competition. A prize or honor based on merit.
• noun obsolete Care, keeping.
• noun Australia A negotiated minimum wage that is set for a particular trade or industry; an industrial award.
• verb transitive, law To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.
• verb intransitive To determine; to make or grant an award.
• verb transitive to give an award (prize) for merit

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun something given for victory or superiority in a contest or competition or for winning a lottery
• verb give as judged due or on the basis of merit
• noun a grant made by a law court
• verb give, especially as an honor or reward
• noun a tangible symbol signifying approval or distinction