respect (someone or something) for (something)

(redirected from respected for)

respect (someone or something) for (something)

1. noun A feeling of deferential admiration, esteem, or appreciation for someone or something. I have a huge amount of respect for my parents now that I'm a parent myself. You've got to have respect for a company that can create such revolutionary products.
2. verb To have a feeling of deferential admiration, esteem, or appreciation for someone or something because of a particular reason or aspect. I really respect you for how you handled that bully in class today. The engineer respected the machine for its ingenious design.
See also: respect

respect someone for something

to admire someone for something. I really respect George for his courage. Mary respected the company for its fine products.
See also: respect
References in periodicals archive ?
In general, a transaction will be respected for tax purposes if it has economic substance compelled or encouraged by business or regulatory realities, is imbued with tax-independent considerations, and is not shaped solely by tax-avoidance features that have meaningless labels attached.
In determining whether a transaction has sufficient economic substance to be respected for tax purposes, offsetting legal obligations or circular cash flows may effectively eliminate any real economic significance of the transaction.
However, when these and other features are viewed as a whole in the context of the LILO transaction, they indicate the transaction should not be respected for tax purposes.
If so, should that transfer have been respected for tax purposes even though the holding of that property right by FS was merely transitory?