The term "Championship" refers to a competition or event where individuals or teams compete against each other for the title of being the best in their respective field. It can be used to describe various types of competitions, such as sports tournaments (e.g., basketball championship), academic events (e.g., debate championship) or even business contests (e.g., innovation championship). The winner(s) of a championship are typically recognized and celebrated for their exceptional performance and achievement in the given field.