heiðursverðlaun
Heiðursverðlaun is the Icelandic term for honorary awards—prizes or decorations given to individuals or organizations in recognition of exceptional achievement, lasting contributions, or distinguished service. The phrase is a generic designation used across many institutions rather than the name of a single national prize.
In Iceland, heiðursverðlaun are conferred by a range of bodies, including government agencies, universities, cultural institutions,
The selection process usually involves nominations, evaluation by a committee, and approval by a governing body
Note that heiðursverðlaun is the generic term for an honorary prize; specific awards carry their own official