noun / verb
honor
AH-nur/ˈɑːnər/
Respect shown by treating someone or an obligation as worthy.
Our community honors the volunteers who keep the library open.

Etymology
Latin honos joined dignity with reputation. English honor likewise connects the esteem someone receives with the nobility of character that makes that esteem deserved.
In context
How high he stood in reputation is shown by the fact that the command of the rear, the post of honor in a retreating army, had been given to him by the Prince.
More examples
- The school holds a dinner in her honor.
- His sense of honor keeps him from cheating.
- The company honored its promise to refund the money.
Forms
honor · honors · honored · honoring
honorable adjective — Deserving respect for honest and principled behavior.
honoree noun — A person receiving special recognition or respect.