Praises (6)
'praises' is the definition.
(lauding is a kind of praising)
This is the entire clue.
(Another definition for lauds that I've seen is " Praises".)
'praises' is the definition.
(exalting is a kind of praising)
This is all the clue.
(Other definitions for exalts that I've seen before include "Gives a higher rank to" , "Raises or praises" , "Puts on a pedestal" , "Raises up or glorifies" , "Praises, glorifies or honours" .)