Honor
(änər) noun
1.high respect; esteem
Example: His portrait hangs in the place of honor. 
2.a privilege
Example: It would be an honor to do that for you.
verb
1. regard with great respect
Example: She has now learned to honor her father's memory. 
2. fulfill 
Example: Make sure they honor the terms of the contract. 

Dishonor
(disˈänər) noun 
1. a state of shame or disgrace
Example: "The incident brought dishonor upon the police."
verb
1. Bring shame or disgrace on
Example: "The mayor dishonors his good battle by resorting to sniping."