The term 'Prestigious Award' can refer to two awards in particular: the OSCAR and the Nobel Peace Prize. The OSCAR is an award given annually by the Academy of Motion Picture Arts and Sciences to recognize excellence in cinematic achievements. It is one of the most prestigious awards in the film industry. The Nobel Peace Prize is an international award given annually to individuals or organizations that have made significant contributions to peace and conflict resolution. It is considered one of the most prestigious awards in the world.