Nouns

(n)award, accolade, honor, honour, laurelsa tangible symbol signifying approval or distinction“an award for bravery”
(n)honor, honour, laurelsthe state of being honored
(n)honor, honourthe quality of being honorable and having a good name“a man of honor”
(n)honor, honour, purity, purenessa woman's virtue or chastity

Verbs

(v)honor, honour, rewardbestow honor or rewards upon“Today we honor our soldiers”, “The scout was rewarded for courageous action”
(v)respect, honor, honour, abide by, observeshow respect towards“honor your parents!”
(v)honor, honouraccept as pay“we honor checks and drafts”