Band's award (6)
I believe the answer is:
ribbon
I believe this clue is a double definition.
'band's' is the first definition.
(thesaurus)
'award' is the second definition.
(ribbon is a kind of award)
(Other definitions for ribbon that I've seen before include "Decorative strip of material" , "Narrow strip for tying or decoration" , "Strip of ornamental cloth as for hair" , "decorations" , "Streamer" .)