noun (n)

• an award for winning a championship or commemorating some other event(noun.communication)

  Synonym:
  decoration, medal, medallion, palm, ribbon
  

  source: wordnet30
• (antiquity) a wreath of laurel foliage worn on the head as an emblem of victory(noun.artifact)

  Synonym:
  bay wreath, laurel
  

  source: wordnet30