Webster's Revised Unabridged Dictionary · 1913

Award

Award ({not transcribed}) , transitive verb

[Old French eswarder to look at, consider, decide, judge; es (Latin ex) + warder, garder, to observe, take heed, keep, from Old High German wartēn to watch, guard. See Ward.]

To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.
To review The wrongful sentence, and award a new. — Dryden

Award , intransitive verb

To determine; to make an award.

Award , noun

[Compare Old French award, awart, esgart. See Award, transitive verb]

1.
A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
Impatient for the award. — Cowper
An award had been given against. — Gilpin
2.
The paper containing the decision of arbitrators; that which is warded. — Bouvier