What does cash awards mean?

cash awards meaning in Law Dictionary

n award fond of an employee or contestant in the form of cash. Money awards can either become only award choice or consumed lieu of a tangible product.

cash awards meaning in Business Dictionary

one money repayment directed at workers or contestants. Businesses may use money honors to recognize individuals or compensate them for a few ideas or ideas. This money does not affect the pay price of people, but it is considered taxable income.