award
Pronunciation: /əˈwɔːd/
verb
- give or order the giving of (something) as an official payment, compensation, or prize to (someone): he was awarded the Military Cross a 3.5 per cent pay rise was awarded to staff
- grant or assign (a contract or commission) to (a person or organization): the company was awarded a contract to refurbish the timber mill
noun
- a prize or other mark of recognition given in honour of an achievement: the company’s annual award for high-quality service
- an amount of money given as an official payment, compensation, or grant: a 1.5 per cent pay award
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Origin:
late Middle English (in the sense 'issue a judicial decision', also denoting the decision itself): from Anglo-Norman French awarder, variant of Old French esguarder 'consider, ordain', from es- (from Latin ex 'thoroughly') + guarder 'watch (over)', based on a word of Germanic origin related to ward; compare with guard