WordWeb Online

1. Having an illustrious reputation; respected
   - esteemed, honored [US], prestigious

1. Bestow honour or rewards upon
   "Today we honour our soldiers"
   - honor [US], reward, fete, fête
    
2. Show respect towards
   "honour your parents!"
   - respect, honor [US], abide by, observe, fete, fête
    
3. Accept as pay
   "we honour checks and drafts"
   - honor [US], fete, fête

See also: reputable

Type of: accept, have, recognise [Brit], recognize, take

Encyclopedia: Honour