An exhibition is a type of scholarship award or bursary.
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At the universities of Dublin, Oxford and Cambridge, and at Westminster School, Eton College and Winchester College, and various other UK educational establishments, an exhibition is a financial award or grant to an individual student, normally on grounds of merit.[1] The amount is less than a scholarship.
An exhibitioner (cf. scholar) is a student who has been awarded an exhibition.
In Australia, an exhibition is awarded to the highest mark-getter in a given subject among all matriculating students (i.e. those graduating from high school) in each state in a given school year.