WordWeb Online

1. Having an illustrious reputation; respected
   "our honoured leader";
   - 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
    
3. Accept as pay
   "we honour checks and drafts";
   - honor [US]

See also: reputable

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

Encyclopedia: Honour