Kind of ribbon used for decoration (5)

I believe the answer is:

medal

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This could be a double definition.

'kind of ribbon' is the first definition.
'medal' can be an answer for 'ribbon' (synonyms). I'm not certain of the 'kind of' bit.

'for decoration' is the second definition.
(synonyms)

'used' acts as a link.

Can you help me to learn more?

(Other definitions for medal that I've seen before include "Piece of metal as award or in commemoration" , "Prize; sounds like interfere" , "(Military) decoration" , "Religious or commemorative pin" , "Sports award" .)

I've seen this clue in The Globe and Mail.

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