
die Verleihung
award ceremony
A ceremonial act in which someone is officially given a prize, title, or award.
Die Verleihung der Filmpreise wurde live im Fernsehen übertragen.
The award ceremony for the film prizes was broadcast live on television.
award ceremony / lending
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award ceremony
A ceremonial act in which someone is officially given a prize, title, or award.
Die Verleihung der Filmpreise wurde live im Fernsehen übertragen.
The award ceremony for the film prizes was broadcast live on television.

lending / rental
The process in which something is made available for use for a certain period of time, often for a fee. In this meaning, 'der Verleih' is more common.
Die Verleihung von Fahrrädern an Touristen ist ein gutes Geschäft.
The rental of bicycles to tourists is a good business.
'Die Verleihung' (award ceremony/lending) is the noun related to the verb 'verleihen' (to award/lend). The verb has two main meanings: to give someone a prize or to let someone use something for a period of time.
Man verlieh ihm den Preis für sein Lebenswerk.
He was awarded the prize for his life's work.
In the meaning of 'feierlicher Akt' (ceremonial act), 'Verleihung' is almost always combined with awards. Typical phrases are: 'die Verleihung eines Preises' (the awarding of a prize), 'eines Ordens' (of an order/medal), 'eines Titels' (of a title), or 'einer Urkunde' (of a certificate).
Er war zur Verleihung des Bundesverdienstkreuzes eingeladen.
He was invited to the ceremony for the awarding of the Federal Cross of Merit.
To say what is being awarded, you usually use the genitive. For example: 'die Verleihung des Nobelpreises' (the awarding of the Nobel Prize).
Die ganze Welt schaute bei der Verleihung des Oscars zu.
The whole world watched the Oscar ceremony.
In the meaning of 'etwas zur Nutzung überlassen' (to make something available for use), the word 'Verleihung' is very formal and rather rare. In everyday language and for businesses, the masculine noun 'der Verleih' is much more common, e.g. 'der Fahrradverleih' (bike rental).
Der Verleih von E-Bikes ist im Sommer sehr beliebt.
E-bike rental is very popular in summer.
handover / surrender
For a prize, die Verleihung refers to the entire formal, ceremonial official act. Die Übergabe more specifically means handing the prize or certificate to the person receiving the award. Thus, a Übergabe can take place as part of a Verleihung.

Die feierliche Verleihung des Preises findet am Freitag im Rathaus statt.
The formal award ceremony will take place at City Hall on Friday.
Die Übergabe der Preisurkunde erfolgt am Freitag durch die Bürgermeisterin.
The prize certificate will be handed over by the mayor on Friday.