n.

1. a grant made by a law court;
   awarding
   
   • he criticized the awarding of compensation by the court
2. a tangible symbol signifying approval or distinction;
   accolade, honor, honour, laurels
   
   • an award for bravery
3. something given for victory or superiority in a contest or competition or for winning a lottery;
   prize
   
   • the prize was a free trip to Europe

v.

1. give, especially as an honor or reward;
   present
   
   • bestow honors and prizes at graduation
2. give as judged due or on the basis of merit;
   grant
   
   • the referee awarded a free kick to the team
   • the jury awarded a million dollars to the plaintiff";"Funds are granted to qualified researchers