a mark of acknowledgement
accolade - award
The mark of acknowledgment implicit in the meaning of ‘accolade’ can come in the form of praise or approval, or an award of some kind. It is essentially a tangible gesture or symbol given by others that signifies approval or distinction. For many, an accolade can be as or more important than financial gain.
Jane was awarded journalism’s highest accolade for her fearless work reporting on organized crime.
For that soldier, being knighted by the Queen was the ultimate accolade. It meant everything to him.
Accolades are very flattering, but it’s important not to get too wrapped up in what others think about you.