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 Court in Farrar stated that where recovery of private damages is the purpose of civil rights litigation, a court in awarding attorney's fees is obligated to give primary consideration to the amount of damages awarded, as compared to the amount sought, and that fee awards under 1988 were never intended to produce windfalls to attorneys.
While awarding noncompensatory punitive damages can help deter and punish extreme misconduct, the current methods for awarding them often impose penalties randomly and capriciously.
Reader's Digest has been conducting its annual consumer brand preference survey for almost a decade, awarding Asia's top performing brands as voted by consumers.