Respect is a positive feeling of esteem or deference for a person or other entity (such as a nation or a religion), and also specific actions and conduct representative of that esteem. Respect can be a specific feeling of regard for the actual qualities of the one respected (e.g., “I have great respect for her judgment”). It can also be conduct in accord with a specific ethic of respect. Rude conduct is usually considered to indicate a lack of respect, disrespect, where as actions that honor somebody or something indicate respect. Specific ethics of respect are of fundamental importance to various cultures. Respect for tradition and legitimate authority is identified by Jonathan Haidt, a professor at the New York University Stern School of Business, as one of five fundamental moral values shared to a greater or lesser degree by different societies and individuals.
Respect is both given and received. We expect other people to respect us in return for the respect we show them. Respect is also something that is earned by the standards of the particular society in which one lives. Respect cannot be measured as a quantity, cannot be bought or traded; it is one of those things that is earned and built over time, but it can be lost with one stupid or inconsiderate act. One can ask or beg for respect, but only others can bestow us with respect as a result of their perceived treatment by us. Continued caring interactions are then required to maintain or increase that original earned respect. Respect cannot always be seen or observed by actions, but for those who practice chivalry, the outward display of respect is refreshing. Some women view this as patronizing and demeaning, but in its pure form chivalry is about nearly absolute respect.
Respect should not be confused with tolerance, since tolerance doesn’t necessarily imply subordination to one’s qualities but means treating as equal.
The antonym and opposite of respect is disrespect.
Source (Read More): http://en.wikipedia.org/wiki/Respect
A different perspective to consider.