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to give as due or merited; assign or bestow:
to award prizes.
to bestow by judicial decree; assign or appoint by deliberate judgment, as in arbitration:
The plaintiff was awarded damages of $100,000.
something awarded, as a payment or medal.
Law.

a decision after consideration; a judicial sentence.
the decision of arbitrators on a matter submitted to them.

Contemporary Examples

American construction companies were awarded contracts worth millions.
Back to Afghanistan Magsie Hamilton-Little October 5, 2011

awarded $3.8 million in his civil case, King opened a rap label, but it folded a few years later.
Rodney King’s Legacy Allison Samuels April 24, 2012

To date, the foundation has awarded over $30 million to over 700 family literacy programs in 49 states.
You Should Meet My Mother The Daily Beast May 7, 2009

When he is awarded Player of the Match while competing for India in England, he is given champagne at the ceremony.
The Story of the World’s Greatest Cricket Player William O’Connor December 23, 2014

He was awarded in 2008 for his commitment keeping drunk drivers off the streets.
Dead Man ID’d as Shooter: Breaking Updates December 8, 2011

Historical Examples

Soon Whistler proposed that Sunday receptions should be given in the gallery, and that medals should be awarded.
The Life of James McNeill Whistler Elizabeth Robins Pennell

The tragedy competition was over, and the prizes had been awarded.
My Double Life Sarah Bernhardt

Batty Smith was awarded one and a half year’s imprisonment, and appealed against his sentence.
The Escaping Club A. J. Evans

Also, in the grand distribution of Austrian prize money, Bismarck was awarded $300,000.
Blood and Iron John Hubert Greusel

It is individual, and this praise may be awarded the whole work.
Contemporary American Composers Rupert Hughes

verb (transitive)
to give (something due), esp as a reward for merit: to award prizes
(law) to declare to be entitled, as by decision of a court of law or an arbitrator
noun
something awarded, such as a prize or medal: an award for bravery
(in Australia and New Zealand) the amount of an award wage (esp in the phrase above award)
(law)

the decision of an arbitrator
a grant made by a court of law, esp of damages in a civil action

v.

late 14c., “decide after careful observation,” from Anglo-French awarder, from Old North French eswarder (Old French esguarder) “decide, examine” (after careful consideration), from es- “out” + guarder “to watch” (see guard (n.)). Related: Awarded; awarding.
n.

late 14c., “decision after consideration,” from Anglo-French award, Old French esguard, from esguarder (see award (v.)). Meaning “something awarded” is first attested 1590s.