award vs prize money

award and prize money both are nouns.

Word	Noun	Adjective	Verb	Adverb
award	Yes	No	Yes	No
prize money	Yes	No	No	No

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

award: something given for victory or superiority in a contest or competition or for winning a lottery
prize money: any money given as a prize

Other hyponyms of award include scholarship, fellowship, gratuity, door prize, jackpot, premium.

award (noun)	prize money (noun)
a grant made by a law court	any money given as a prize
a tangible symbol signifying approval or distinction
something given for victory or superiority in a contest or competition or for winning a lottery

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