The Collaborative International Dictionary of English v.0.48:

Praise \Praise\, v. t. [imp. & p. p. Praised; p. pr. & vb. n.
   Praising.] [OE. preisen, OF. preisier, prisier, F. priser,
   L. pretiare to prize, fr. pretium price. See Price, n., and
   cf. Appreciate, Praise, n., Prize, v.]
   1. To commend; to applaud; to express approbation of; to
      laud; -- applied to a person or his acts. "I praise well
      thy wit." --Chaucer.
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            Let her own works praise her in the gates. --Prov.
                                                  xxxi. 31.
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            We praise not Hector, though his name, we know,
            Is great in arms; 't is hard to praise a foe.
                                                  --Dryden.
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   2. To extol in words or song; to magnify; to glorify on
      account of perfections or excellent works; to do honor to;
      to display the excellence of; -- applied especially to the
      Divine Being.
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            Praise ye him, all his angels; praise ye him, all
            his hosts!                            --Ps. cxlviii.
                                                  2.
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   3. To value; to appraise. [Obs.] --Piers Plowman.
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   Syn: To commend; laud; eulogize; celebrate; glorify; magnify.

   Usage: To Praise, Applaud, Extol. To praise is to set
          at high price; to applaud is to greet with clapping;
          to extol is to bear aloft, to exalt. We may praise in
          the exercise of calm judgment; we usually applaud from
          impulse, and on account of some specific act; we extol
          under the influence of high admiration, and usually in
          strong, if not extravagant, language.
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WordNet (r) 3.0 (2006):

praising
    adj 1: full of or giving praise; "a laudatory remark" [syn:
           laudatory, praiseful, praising]