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Award an honour last month and make a speech (8)

Ross

I believe the answer is:

decorate

I'm a little stuck... Click here to teach me more about this clue!

'award an honour' is the definition.
'decorate' can be an answer for 'award' (decorating is a kind of awarding). I am unsure of the 'an honour' bit.

'last month and make a speech' is the wordplay.
'last month' becomes 'dec' (short for December, last month of the year).
'and' means one lot of letters go next to another.
'make a speech' becomes 'orate' (oratory is public speaking).
'dec'+'orate'='DECORATE'

Can you help me to learn more?

(Other definitions for decorate that I've seen before include "Beautify by additions" , "Award a medal to" , "Honour" , "Add ornament, colour, etc." , "'Adorn, embellish (8)'" .)

I've seen this clue in The Irish Independent.
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