a·ward / əˈwôrd/ • v. [tr.] give or order the giving of (something) as an official payment, compensation, or prize to (someone): he was awarded the Purple Heart. ∎  grant or assign (a contract or commission) to (a person or organization).• n. a prize or other mark of recognition given in honor of an achievement: the company's annual award for high-quality service| [as adj.] an award ceremony. ∎  an amount of money paid to someone as an official payment, compensation, or grant: a generous award given to promising young dancers. ∎  the action of giving a payment, compensation, or prize: an award of damages. DERIVATIVES: a·ward·ee / əˌwôrˈdē/ n.a·ward·er n.

award †decide, determine XIV; determine upon, assign judicially XVI. —AN. awarder, var. of ONF. eswarder, OF. esg(u)arder consider, ordain :- Rom. *exwardāre, f. EX-1 + *wardāre GUARD.
So award sb. XIV. -AN. award, f. the verb.

AWARD

To concede; to give by judicial determination; to rule in favor of after an evaluation of the facts, evidence, or merits. The decision made by a panel of arbitrators or commissioners, a jury, or other authorized individuals in a controversy that has been presented for resolution. A document that memorializes the determination reached in a dispute.

A jury awards damages; a municipal corporation awards a public contract to a bidder.