Русско-англо-русский юридический словарь

A certificate of merit is a document that recognizes the achievements of an individual or a group. The certificate is one of respect and gratitude, but mostly honor. The certificate is not bestowed upon individuals unless the recognition has been earned.

In schools, teachers award deserving students for their outstanding performance and academic achievements in one or more subject areas. Schools also give out certificates of merit to students who display good behavior or those who have demonstrated remarkable success. Companies give certificates of merit to staff members in recognition of great accomplishments and contributions, in addition to obtaining status as an outstanding employee. The certificate of merit acknowledges the quality of service and dedication that people have shown while performing their work. (ask.com)

Academic achievement or (academic) performance is the extent to which a student, teacher or institution has achieved their short or long-term educational goals. Cumulative GPA and completion of educational degrees such as High School and bachelor's degrees represent academic achievement. (Wikipedia)

The students receiving Undergraduate awards each receive a monetary prize of €500. The award recipients are selected based on academic achievement and this year, for the first time, these achievements were assessed at both a group and individual level. (The Argus)