Honouring

verb

1. To think of highly, to respect highly; to show respect for; to recognise the importance or spiritual value of

   "The freedom fighters will be forever remembered and honored by the people."

2. To conform to, abide by, act in accordance with (an agreement, treaty, promise, request, or the like)

   "I trusted you, but you have not honored your promise."

3. To confer (bestow) an honour or privilege upon (someone)

   "Ten members of the profession were honored at the ceremony."

4. To make payment in respect of (a cheque, banker's draft, etc.)

   "I'm sorry Sir, but the bank did not honour your cheque."