award

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award

A term of art used at the National Institutes of Health (US) for the provision of funds, or direct assistance in lieu of funds, based on an approved application and budget to provide general financial assistance to a person or organisation to carry out an activity or program. An award is a statement that funds have been obligated; this includes both direct and indirect costs, unless otherwise indicated.

award

(ă-ward′)
1. An amount of money paid to the party prevailing in a lawsuit.
2. A formal public recognition of excellence.
References in periodicals archive ?
The 1,553 individual awards given by IES Abroad during the 2009-2010 academic year made IES Abroad one of the largest awarders of scholarships for overseas study, both in terms of total dollars and numbers of students assisted.
Professor Palmer-Cooper has been working on the project for two and a half years with the help of residents and support from Defra and a number of other sponsors and grant awarders.
Some awarders judged that the limited time available in Year 12 (the lower sixth form) to study for AS examinations could be the cause of some answers being limited in one or more ways.