Prize medal (5)
I believe the answer is:
award
I believe this is a double definition.
'prize' is the first definition.
(I know that prize can be written as award)
'medal' is the second definition.
(I've seen this before)
(Other definitions for award that I've seen before include "They are disinclined to work" , "Endow" , "Give, as an honour" , "Grant, confer" , "Allotment" .)