Oscar is a five-letter word that is most commonly associated with the Academy Awards, which are presented annually by the Academy of Motion Picture Arts and Sciences. The awards are given to recognize excellence in cinematic achievements, and the award itself is a golden statuette of a knight holding a sword. The name 'OSCAR' is believed to have been derived from a librarian at the Academy, Margaret Herrick, who said the statuette reminded her of her uncle OSCAR.