Etymology
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reward (n.)

mid-14c., "what one deserves, just desserts," from Anglo-French and Old North French reward, rouwart, back-formation from rewarder (see reward (v.)).

The meaning "return or payment for service, hardship, etc.," also "something given in recognition of merit, virtue, etc., a prize" is from late 14c. Also from late 14c. sometimes "punishment, recompense for evil-doing." The sense of "sum of money in exchange for capture of a criminal or fugitive or for return of a lost item" is from 1590s.

A doublet of regard (n.), reward also was used in Middle English in the senses now given to that word: "a regarding, heeding, notice, observation," also "respect, esteem."

reward (v.)

c. 1300, rewarden, "to grant, bestow;" early 14c. "to give as prize or compensation," from Anglo-French and Old North French rewarder "to regard, reward" (Old French regarder) "take notice of, regard, watch over." This is from re-, here perhaps an intensive prefix (see re-), + warder "look, heed, watch," from Frankish or some other Germanic language, from Proto-Germanic *wardon "to guard" (from PIE root *wer- (3) "perceive, watch out for").

Originally any form of requital, good or bad, for service or evil-doing. A doublet of regard (v.), reward was used 14c.-15c. in the senses now given to that word: "look at; care about; consider." Related: Rewarded; rewarding.

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Definitions of reward
1
reward (n.)
a recompense for worthy acts or retribution for wrongdoing;
virtue is its own reward
Synonyms: wages / payoff
reward (n.)
payment made in return for a service rendered;
reward (n.)
an act performed to strengthen approved behavior;
Synonyms: reinforcement
reward (n.)
the offer of money for helping to find a criminal or for returning lost property;
reward (n.)
benefit resulting from some event or action;
reaping the rewards of generosity
Synonyms: advantage
2
reward (v.)
bestow honor or rewards upon;
The scout was rewarded for courageous action
Synonyms: honor / honour
reward (v.)
strengthen and support with rewards;
Synonyms: reinforce
reward (v.)
act or give recompense in recognition of someone's behavior or actions;
Synonyms: repay / pay back
From wordnet.princeton.edu