Meaning of the word time-honored in English

What does time-honored mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

time-honored

US /ˈtaɪmˌɑnərd/
UK /ˈtaɪmˌɒnəd/
"time-honored" picture

Adjective

respected or continued because of having been used or done for a long time

Example:
The company follows a time-honored tradition of quality craftsmanship.
It's a time-honored custom to exchange gifts during the holidays.