award

a grant made by a law court; "he criticized the awarding of compensation by the court"

a tangible symbol signifying approval or distinction; "an award for bravery"

something given for victory or superiority in a contest or competition or for winning a lottery; "the prize was a free trip to Europe"

give, especially as an honor or reward; "bestow honors and prizes at graduation"

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"