Cryptic crossword clue
Giving a prize for a fantastic drawing 8

The most common and most likely answer to this crossword clue is the 8 letter word AWARDING

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "Giving a prize" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case giving a prize = awarding.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does AWARDING mean?

AWARDING verb
  1. To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge
  2. To determine; to make or grant an award.
  3. To give (an award).
  4. To give (a person) an award.
AWARDING noun
  1. The act of bestowing an award.
  2. The act of giving by official decision such as giving a contract.

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