The Collaborative International Dictionary of English v.0.48:

Laud \Laud\, v. i. [imp. & p. p. Lauded; p. pr. & vb. n.
   Lauding.] [L. laudare, fr. laus, laudis, praise. Cf.
   Allow.]
   To praise in words alone, or with words and singing; to
   celebrate; to extol.
   [1913 Webster]

         With all the company of heaven, we laud and magnify thy
         glorious name.                           --Book of
                                                  Common Prayer.
   [1913 Webster]