Definition

Recognition of someone's character, abilities, or boundaries; can also function as an interjection acknowledging admiration or agreement.

Example Usage

I don't agree with you, but I respect your honesty.

Origin

From Latin 'respectus' (regard, consideration); adopted as street slang to mean acknowledgment and honor

Fun Fact

As an interjection, it's often used to cap a conversation on a positive note, implying 'I see you and I acknowledge you.'

Source: Definition backfill (hailey)