What is the meaning of esteemed?

verb

• Regard highly; think much of.
  • usage: "I respect his judgement"; "We prize his creativity"
  • synonyms: respect, esteem, value, prize, prise
• Look on as or consider.
  • usage: "she looked on this affair as a joke"; "He thinks of himself as a brilliant musician"; "He is reputed to be intelligent"
  • synonyms: think of, repute, regard as, look upon, look on, esteem, take to be

adjective

• Having an illustrious reputation; respected.
  • usage: "our esteemed leader"; "a prestigious author"
  • synonyms: honored, prestigious