Akademik

honor
1. noun /ˈɒnə,ˈɑnɚ/
a) An objectification of praiseworthiness, respect. (I.e., something that represents praiseworthiness, respect.)
b) The center point of the upper half of an armorial escutcheon.
2. verb /ˈɒnə,ˈɑnɚ/
a) To show respect for.

refuse to honor the exercise of put option

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

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