Award
/ˈɔːrdər/
Definitions
- (n.) A formal decision or judgment given by a tribunal or arbitrator in a legal proceeding.
The arbitration award resolved the dispute between the parties.
- (n.) A sum of money or other compensation granted by a court or authority as a result of a judgment or settlement.
She received an award for damages after the breach of contract.
- (v.) To give or grant formally as a result of a decision or judgment, such as damages or a contract.
The court awarded damages to the plaintiff for the losses suffered.
Commentary
In legal contexts, 'award' commonly refers to a formal decision or compensation granted by a court or arbitrator. When used as a verb, it denotes the act of granting such decisions or compensation.