award vs cachet

award and cachet both are nouns.

Word	Noun	Adjective	Verb	Adverb
award	Yes	No	Yes	No
cachet	Yes	No	No	No

As nouns, cachet is a hyponym of award; that is, cachet is a word with a more specific, narrower meaning than award:

award (noun)	cachet (noun)
a grant made by a law court	a seal on a letter
a tangible symbol signifying approval or distinction	an indication of approved or superior status
something given for victory or superiority in a contest or competition or for winning a lottery	a warrant formerly issued by a French king who could warrant imprisonment or death in a signed letter under his seal

award (verb)	cachet (verb)
give, especially as an honor or reward
give as judged due or on the basis of merit