Source : Webster's Revised Unabridged Dictionary (1913)

Meed \Meed\, v. t.
   1. To reward; to repay. [Obs.] --Waytt.

   2. To deserve; to merit. [Obs.] --Heywood.

Meed \Meed\, n. [OE. mede, AS. m[=e]d, meord; akin to OS. m?da,
   OHG. miata, mieta, G. miethe hire, Goth. mizd[=o] reward,
   Bohem. & Russ. mzda, Gr. mistho`s, Skr. m[imac]dha.
   [root]276.]
   1. That which is bestowed or rendered in consideration of
      merit; reward; recompense.

            A rosy garland was the victor's meed. --Spenser.

   2. Merit or desert; worth.

            My meed hath got me fame.             --Shak.

   3. A gift; also, a bride. [Obs.] --Chaucer.

Source : WordNet®

meed
     n : a fitting reward