Revere strange spectre (7)
I believe the answer is:
respect
'revere' is the definition.
(I know that respect is a more specific form of the action revere)
'strange spectre' is the wordplay.
'strange' indicates an anagram.
'spectre' is an anagram of 'RESPECT'.
(Other definitions for respect that I've seen before include "Esteem, deference" , "Refuse to offend" , "Comply with - deference" , "Show deference (to)" , "Pay attention to" .)