Definition, Meaning & Synonyms
monetary-award
noun
/ˈmʌnɪtəri əˈwɔːrd/
Definition
A monetary award is a sum of money given to an individual, typically as a prize or compensation.
Examples
- The student received a monetary award for his outstanding academic achievements.
- Artists can apply for a monetary award to fund their projects.
- She won a monetary award in the writing contest, which helped pay for her studies.
Meaning
Monetary awards are often given in contexts such as competitions, scholarships, or as compensation for services rendered or losses incurred.
Synonyms
- cash prize
- financial reward
- monetary prize
- financial bonus
