GNU Collaborative International Dictionary of English

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Found one definition

1.       
   laurels (?), n. pl. An honor or honors conferred for some notable achievement.
   
   [PJC]
   
   to rest on one's laurels [fig.]  to be content with one's past achievements and not strive to continue to excel; as, “he didn't rest on his laurels after receiving the Nobel Prize, but went on to made even more significant discoveries”.
   
   [PJC]