award

An award is defined as a final judgment or decision . Generally, an award will include a declaration that one party owes another a certain amount of money.  Although the term often refers to the decisions of arbitrators and juries , it can also refer to the decisions of judges .

See e.g., Dolan v. United States, 130 S.Ct. 2533 (2010)

[Last reviewed in June of 2022 by the Wex Definitions Team ]

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