premiation
/ˌpriːmɪˈeɪʃn/rare
noun
The action, process, or fact of rewarding; an instance of this, a prize-giving.
Origin
Early 16th century; earliest use found in John Irland (c1440–1495), theologian. From post-classical Latin praemiation-, praemiatio (also premiation-, premiatio) action of rewarding, reward from classical Latin praemiāt-, past participial stem of praemiārī + -iō. Cf Middle French, French †premiation reward, award.