Present

BESTOW

Think of a formal way to grant something valuable, like an honor or gift, often used in ceremonies.

Present" here is a verb meaning to give or hand over something, not a noun for a gift. The answer "BESTOW" fits because it’s a more formal way to say the same thing—like granting an honor or award. There’s no hidden wordplay or trick; it’s a straightforward definition clue where the answer is a synonym for the verb form of "present.