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n: when a normal scholarship gives you an added bonus that you were unaware of

n: a basketball scholarship
1. Calvin" dude i got that hispanic chamber of commerce scholarship!! and they called me a week later to let me know i have a 3 day 2 night all expenses trip paid to washington d.c. .
jake" wow man thats not a scholarship thats a ballership"

2. Jerome got a ballership cause he's 6'8'' and can dunk.
by jakeygoo April 07, 2011
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2
The most prestigious certification granted to a man of baller status. The embodiment of awesomeness. Usually awarded to someone who has a great sense of humor, loves sports (except for baseball and cricket), is bilingual (usually english and arabic), gets straight A's, smokes hookah, and drives at least 20 miles above the speed limit.
Mo: Dude.. did you see that goal safwat scored?
Joe: yeah dude.. Ballership!

or

Mo: Dude.. this hummos tastes really good..
Joe: yeah dude.. Ballership!
by saf29 September 05, 2010
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