Definition: [verb] To think of highly, to respect highly; to show respect for; to recognise the importance or spiritual value of
Example: The freedom fighters will be forever remembered and honored by the people.
Definition: [verb] To conform to, abide by, act in accordance with (an agreement, treaty, promise, request, or the like)
Example: I trusted you, but you have not honored your promise.
Definition: [verb] To confer (bestow) an honour or privilege upon (someone)
Example: Ten members of the profession were honored at the ceremony.
Definition: [verb] To make payment in respect of (a cheque, banker's draft, etc.)
Example: I'm sorry Sir, but the bank did not honour your cheque.
Definition: [adjective] Respected, having received honour.