award

an agreement having the force of law, which sets out working conditions and wages for certain types of employment. Glossary of Business Terms

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I. award a‧ward 1 [əˈwɔːd ǁ -ɔːrd] noun [countable]
1. an amount of money that is given to someone as a result of an official decision or judgment:

• the basic award for unfair dismissal

• The nurses' pay award (= increase in pay ) was not nearly as much as they had expected.

2. something such as a prize or an amount of money given to a person or company to reward them for something they have done:

• 85% of the company's product is sold overseas, a feat which won it the Queen's Award for Export.

  [m0] II. award award 2 verb [transitive]
1. to officially decide that someone should have something such as an amount of money:
award be awarded something

• We were naturally delighted to be awarded this contract.

award somebody something

• The tribunal can award you compensation or order your reinstatement.

2. to officially give a prize or an amount of money to a person or company, to reward them for what they have done:
award be awarded something

• He has been awarded the MBE for services to the electricity supply industry.

award somebody something

• The university awarded her a scholarship.

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Ⅰ.
award UK US /əˈwɔːd/ noun [C]
a prize or a sum of money that a person or organization is given for an achievement: »

A new digital innovation award is aimed at media that uses the latest technology to make an improvement in delivery of news services.

an award for sth »

A recently launched advertising agency got an award for best marketing campaign of 2009.

»

Four finalists shared the top cash award of $160,000.

accept/receive/win an award »

The airline received an environmental award for work relating to carbon-emissions reduction.

give/make/present an award »

We have no hesitation in giving an award to this interesting example of large-scale urban regeneration.

LAW a sum of money that a court of law decides is owed by a company, organization, or person to someone they have treated unfairly, injured in an accident, etc.: »

Justice Andrew Reid confirmed that the award would total $15.5m.

an award of sth »

The jury made an award of £380,000 in damages.

make/uphold/grant an award »

An award for continuing cost of care for survivors of the crash was upheld by the Court of Appeal.

compensation/compensatory/damage(s) award »

The rail company challenged the compensation payout, claiming that the damages award was excessive.

HR, MANAGEMENT an amount of money paid by a company to an employee as an increase in income or as a special payment for success: an award for sth »

Awards for all 600 executives have been ruled out as the group struggles to recover from a catastrophic 12-month period.

»

As head of the bank's US credit business, she got an award of £2.18m.

a sum of money, work, etc. that is officially given to a company or organization: »

Including the Port Authority's $3 million award, the company got a total of $3.93 million in grants.

HR AWARD WAGE(Cf. ↑award wage)
Ⅱ.
award UK US /əˈwɔːd/ verb [T]
to officially give work, a sum of money, etc. to a company or organization: »

Firms making big campaign contributions are often awarded lucrative government grants.

award a grant/contract (to sb) »

The Pentagon has awarded a $520 million contract to the construction company.

award sb sth »

The company awarded them the concrete subcontract on the five-story parking structure.

LAW if a court awards a sum of money to someone who has been unfairly treated, injured in an accident at work, etc., it orders the person, company, or organization that is responsible to pay it: be awarded $1 million/£250,000, etc. »

She was awarded £600,000 in damages as part of a libel action.

award sth to sb/award sb sth »

The jury will award $1.78 million in compensation and more than $99 million in punitive damages to victims.

»

award sth in damages/compensation/costs

HR, MANAGEMENT to give an employee an increase in income or a special payment as a reward for success: award sth to sb/award sb sth »

The Association has just announced that it will be awarding more than $14 million in annual pay rises to staff.

be awarded sth »

Many of the investment bank's employees have been awarded much smaller performance bonuses than they were led to expect.

to give a prize or a sum of money to a person, company, or organization who has been very successful: be awarded sth »

The restaurant was one of only three to be awarded four Michelin stars this year.

»

Nearly $72,000 in scholarships were awarded by about 30 companies.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • award — 1 vt [Anglo French awarder agarder to look at, decide on, impose, alteration of Old French esguarder to look at, from es , intensive prefix + guarder to guard] 1: to give in accordance with a judicial or administrative determination or decision… …   Law dictionary

  • Award — 〈[əwɔ:d] m. 6〉 von einem Expertenausschuss verliehener Preis (Academy Award, Design Award, National Book Award) ● der Award für den besten Song wurde einer Boygroup verliehen [engl., „Preis, Auszeichnung“] * * * Award [ə wɔ:d ], der; s, s [engl.… …   Universal-Lexikon

  • Award — A*ward , n. [Cf. OF. award, awart, esgart. See {Award}, v. t.] 1. A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted. Impatient for the award. Cowper. [1913 Webster] An award had been given… …   The Collaborative International Dictionary of English

  • Award — est une société spécialisée dans la conception et la fabrication de BIOS (Basic Input Output System) pour ordinateurs. La société Award est l une des principales actrices de ce marché et ses BIOS sont très répandus[réf. nécessaire] …   Wikipédia en Français

  • award — award; award·ee; award·er; …   English syllables

  • Award — A*ward , v. i. To determine; to make an award. [1913 Webster] …   The Collaborative International Dictionary of English

  • Award — A*ward , v. t. [imp. & p. p. {Awarded}; p. pr. & vb. n. {Awarding}.] [OF. eswarder to look at, consider, decide, judge; es (L. ex) + warder, garder, to observe, take heed, keep, fr. OHG. wart[=e]n to watch, guard. See {Ward}.] To give by sentence …   The Collaborative International Dictionary of English

  • Award — [ə wɔ:d] der; s, s <aus engl. award »Urteil, Entscheidung«> die schiedsgerichtliche Entscheidung (im angloamerik. Rechtskreis) …   Das große Fremdwörterbuch

  • award — vb *grant, accord, vouchsafe, concede Analogous words: bestow, confer, present, *give: assign, *allot, apportion, allocate: adjudicate, adjudge, *judge, arbitrate award n prize, *premium …   New Dictionary of Synonyms

  • award — [n] prize or reward accolade, adjudication, allotment, bestowal, citation, conferment, conferral, decision, decoration, decree, distinction, donation, endowment, feather in cap*, gift, gold, gold star*, grant, honor, order, presentation,… …   New thesaurus

  • award — [ə wôrd′] vt. [ME awarden < Anglo Fr awarder < Anglo Norm eswarder < es (< L ex) + Gmc * wardon: see WARN] 1. to give by the decision of a law court or arbitrator [the plaintiff was awarded damages] 2. to give as the result of judging …   English World dictionary

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