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{h,2}award ( n )

1 :a judgment or final decision: as

a :arbitrator's award

b :a formal decision regarding benefits in a workers' compensation claim

2 :something granted esp. on the basis of merit or entitlement: as

a :a contract won by a successful bidder

b :relief usu. in the form of money (as damages or alimony) granted to a party in a legal proceeding

Merriam-Webster’s Dictionary of Law ©2016 Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.