What does the word scholarship mean?

Does it mean proving that you are good enough at everything in life and all of living? Or, is it establishing that you are a responsible citizen who knows how to focus on priorities for the sake of both personal and national progress, demonstrated at the young age of 17? Or, does it mean you can do what you like and establish that you are superior to the many in your vintage, although, only by Malaysian standards, or by less than fair means? Let me rephrase the same questions and give them some more context.