Real Dictionary

medal
countable noun: A medal is a small metal disc which is given as an award for bravery or as a prize in a sporting event.

medal in American English
a small, flat piece of metal with a design or inscription stamped or inscribed on it, made to commemorate some event, or awarded for some distinguished action, merit, etc.
to honor with a medal
intransitive verb: to receive a medal, esp. in a sporting event
noun: a flat piece of metal, often a disk but sometimes a cross, star, or other form, usually bearing an inscription or design, issued to commemorate a person, action, or event, or given as a reward for bravery, merit, or the like
transitive verb: to decorate or honor with a medal

medal in British English
noun: a small flat piece of metal bearing an inscription or image, given as an award or commemoration of some outstanding action, event, etc
verb: to honour with a medal