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reward (n.)

mid-14c., "a regarding, heeding, observation," from Anglo-French and Old North French reward, back-formation from rewarder (see reward (v.)). Meaning "repayment for some service" is from late 14c. Sense of "sum of money in exchange for capture" is from 1590s.

reward (v.)

c. 1300 "to grant, bestow;" early 14c. "to give as compensation," from Old North French rewarder "to regard, reward" (Old French regarder) "take notice of, regard, watch over," from re-, intensive prefix (see re-), + warder "look, heed, watch," from a Germanic source, from Proto-Germanic *wardon "to guard" (from PIE root *wer- (3) "perceive, watch out for"). Originally any form of requital. A doublet of regard. Related: Rewarded; rewarding.

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Definitions of reward from WordNet
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