A status symbol is an object or phenomenon that is used to indicate social status or prestige. There are many synonyms for the term, including badge of honor, emblem of rank, insignia of distinction, signal of success, badge of excellence, and hallmark of distinction. These are all ways to describe the importance and impact that certain objects or achievements can have on someone's perceived social standing. Other related terms include trophy, award, accolade, and distinction, all of which can be used to describe achievements or items that are seen as signs of success or prestige in some way. Ultimately, the importance of status symbols and their associated synonyms varies depending on the cultural and social context in which they are used.