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An award, sometimes known as a distinction, is a sign of honor awarded to a person for their achievements in a particular profession. A decoration is a memento that is supposed to be worn, such as a medal, ribbon, or other object.

Three features can be used to characterize an award:
1) who is given
2) what
3) by whom, all varying according to purpose.

Often, the recipient is a single individual or a representative of a group of people, such as an organization, a sports team, or a country. The prize object might be a decoration, which is a wearable emblem such as a medal, badge, or rosette (award).

A token object, such as a certificate, diploma, championship belt, trophy, or plaque, can also be used. A title of honor, as well as an object of direct value, such as prize money or a scholarship, may be included in or accompany the award.

Furthermore, an honorable mention is an award granted, especially in education, that does not confer a better position on the recipient(s) but is worthy of notice in a dignified manner.

A state decoration may be bestowed by a sovereign state, dynasty, or other official authority, or by a private organization or individual. Ecclesiastical authority may also be included, as in the case of ecclesiastical prizes.

The Nobel Prize, for example, acknowledges societal accomplishments, whereas the Pulitzer Prize honors literary achievements. An award might sometimes be nothing more than a public acknowledgement of achievement, with no actual reward or token.

Cups are commonly used as awards for sporting events, a custom that dates back to the ancient Greek tripod awarded to champions of athletic competitions. A current example is the Stanley Cup. Employee appreciation awards, on the other hand, are frequently in the shape of plaques or crystal pieces. A monetary reward may be presented to the recipient of an award.

Finally, rather of recognizing triumph, an award may honor participation. The propriety of participation rewards for students in American schools is a source of debate.

Phaleristics, an auxiliary science of history and numismatics that analyzes orders, fraternities, and award goods like as medals and other decorations, is a related field to rewards.

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