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"Premio" is a form of "premio", a noun which is often translated as "prize". "Galardones" is a form of "galardonar", a transitive verb which is often translated as "to award". Learn more about the difference between "premio" and "galardones" below.
el premio(
preh
-
myoh
)A masculine noun is used with masculine articles and adjectives (e.g., el hombre guapo, el sol amarillo).
1. (honor)
2. (recompense)
a. reward
Estas vacaciones en la playa son mi premio por un año de trabajo fuerte.This vacation at the beach is my reward for a year of hard work.
a. prizewinner
El premio recibirá una beca de $10,000 para estudiar en el extranjero.The prizewinner will be granted a scholarship worth $10,000 to study abroad.
4. (economics)
a. premium
Las aseguradoras han establecido un premio mínimo según el tipo de negocio.Insurance companies have set a minimum premium depending on the business type.
galardonar(
gah
-
lahr
-
doh
-
nahr
)A transitive verb is a verb that requires a direct object (e.g., I bought a book.).