Respect can not be defined in one word, we can see respect in many things. Respect is giving values or admiring other's views even if they are totally different from yours. Respect is appreciating the differences. Every person should have self-respect for herself or himself. It helps us to maintain our dignity. We should have respect for our elders as well as for our younger. We can show respect for others by taking care of them, being polite and honest with them.
We can give them respect by listening to their opinions and understanding them. We can't ask anybody to give respect, it comes with good deeds and good behaviour.
Honesty means being true to ourselves as well as others like friends, family, work etc. We should have respect for our work, that will make us punctual towards our work and will qualify it.