An exhibition is a type of scholarship award or bursary.
United Kingdom and Ireland
At the universities of Dublin, Oxford and Cambridge, and at Westminster School, St Paul's School, London, Eton College and Winchester College, Harrow School, and various other UK educational establishments, an exhibition is a financial award or grant to an individual student, normally on grounds of merit (at Oxford and Cambridge, for example, it is typical to be awarded an exhibition for first class performance in examinations). The amount is less than a scholarship.
An exhibitioner is a student who has been awarded an exhibition (as a scholar, in this context, is one who has been awarded a scholarship).
In Australia, an exhibition is awarded to the student achieving the highest mark in a given subject among all matriculating students (i.e. those graduating from high school) in each state in a given school year.
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