the world > action or operation > prosperity > success > token of victory or supreme excellence > [noun] > award for merit > decoration > ribbon (3)
A ribbon of a particular colour or design worn to indicate the holding of an honour, esp. a length of ribbon to which a medal is attached, or a…
(a) U.S. An award given for coming second in a contest; (b) chiefly Canadian an award given for coming first in a contest.