懸賞
けんしょう · kenshou · JLPT N1 · noun
prize
🏆 懸 = hang up + 賞 = prize: a prize hung out to draw in entrants and winners
懸 means to hang or suspend, and 賞 means prize or reward. Together they describe a prize hung up to attract contestants, which is why the word covers both offering a prize and winning one.