Nomen

die Prämierung

award, prize-giving, awarding

Die Prämierung des besten Weins findet heute statt.

The awarding of the best wine takes place today.

Seine Forschung erhielt eine besondere Prämierung.

His research received a special award.

the awarding of ((sth.gen)) Die Prämierung des Romans fand in Berlin statt.

Auszeichnung (distinction), Preisverleihung (award ceremony), Ehrung (honour)

From the verb 'prämieren' (to award a prize), which comes from Latin 'praemium' (reward). The suffix '-ung' makes it a noun.

Think of a 'premium' product, which is of high quality and might win an award. 'Prämierung' is the act of giving that award.

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