The act of awarding a prize; prize-giving (often used in compounds such as 'award ceremony').
今年の文学賞の授賞式は来月行われる予定だ。
This year's literary award ceremony is scheduled for next month.
委員会は彼の作品に授賞を決めた。
The committee decided to give him the award for his work.
受賞者は授賞の瞬間に感謝の言葉を述べた。
The recipient expressed words of gratitude at the moment of being awarded.