award

(eg. literature, critical, analysis )

award /ə ˈwɔrd/ ?

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(n) a grant made by a law court
(n) a tangible symbol signifying approval or distinction
(n) something given for victory or superiority in a contest or competition or for winning a lottery
(v) give, especially as an honor or reward
(v) give as judged due or on the basis of merit

Less than two months into 1992, well before the opening of the main season for journalistic awards, and we have already bagged a big one.
The stars showed up and the likes of Atonement, No Country For Old Men and There Will Be Blood took the major awards.
Britain's version of the Grammys awards its main prizes to the Foo Fighters and Arctic Monkeys.

"For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis is not only bad taste -- it's bad strategy -- and I will not tolerate it as president," said Obama, who has been in the White House...
on Feb 4, 2009 By: Barack Obama Source: Reuters
"I am deeply honoured to receive the Nobel Peace Prize," Mr Gore said in a statement. "My wife, Tipper, and I will donate 100 per cent of the proceeds of the award to the Alliance for Climate Protection, a bipartisan non-profit organisation...
on Oct 12, 2007 By: Al Gore Source: The Age
"I was standing onstage and I was really excited because I'd just won the award and then I was really excited because Kanye West was onstage," Swift said to reporters. "And then I wasn't excited anymore after that."
on Sep 15, 2009 By: Taylor Swift Source: Detroit Free Press