The most common and most likely answer to this crossword clue is the 8 letter word KNIGHTED
I've seen this crossword clue in The Times
K
N
I
G
H
T
E
D
More clues leading to the result KNIGHTED
- The good and kind could perhaps be honoured
- Hold that back about good editor given an honour
- Foreign king and husband Edward duly honoured?
- The king worried before Germany is given an honour
- The king deteriorating, duke is given new rank
- The king proving corrupt, daughter given honour
- Made Sir Ged think erroneously
Buddy explains!

The straight part
We know that "honoured" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case honoured = knighted.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does KNIGHTED mean?
KNIGHTED verb- To confer knighthood upon.
- To promote (a pawn) to a knight.