What is the meaning of the word award?

Looking for the meaning or definition of the word award? Here are some definitions.
Meanings & Definitions
  1. Give order giving (something) official payment, compensation, prize (someone)
  2. Grant assign (a contract commission) (a person organization)
  3. prize other mark recognition given honor achievement
  4. amount money paid someone official payment, compensation, grant
  5. The action of giving a payment, compensation, or prize
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