awardfund
nounUK /əˈwɔːd fʌnd/
US /əˈwɔːrd fʌnd/
A special pot of money that is given to someone as a prize.
The school used its awardfund to buy a trophy for the best reader.
RELATED WORDS
OTHER MEANINGS
2. Money set aside to pay for awards at a ceremony.
The committee dipped into the awardfund to buy medals for every winner.
3. A savings account a family keeps to celebrate big achievements.
Grandma started an awardfund so she could give gifts when the kids did well.
4. A company budget used to give bonuses to hardworking workers.
The manager tapped the awardfund to reward the team after a great year.