award (n.) Look up award at Dictionary.com
late 14c., "decision after consideration," from Anglo-French award, Old French esguard, from esguarder (see award (v.)). Meaning "something awarded" is first attested 1590s.
award (v.) Look up award at Dictionary.com
late 14c., "decide after careful observation," from Anglo-French awarder, from Old North French eswarder (Old French esguarder) "decide, examine" (after careful consideration), from es- "out" (see ex-) + warder "to watch" (see ward (n.)). Related: Awarded; awarding.