1. Award or Prize

A trophy is an object—usually a cup, plaque, or statue—awarded as a prize for victory or achievement, especially in sports or competitions.

Example:

The team lifted the championship trophy after winning the final.

2. Symbol of Success or Status

A trophy can also be a symbol of success, often used metaphorically.

Examples:

A luxury car as a trophy of wealth.

The promotion was a trophy for years of hard work.