Revere wounded veteran touring East (8)
I believe the answer is:
venerate
'revere' is the definition.
(I know that revere can be written as venerate)
'wounded veteran touring east' is the wordplay.
'wounded' indicates an anagram (I've seen this in other clues).
'touring' means one lot of letters goes inside another (touring can mean going round).
'east' becomes 'E' (synonyms).
'veteran' anagrammed gives 'vnerate'.
'vnerate' placed around 'e' is 'VENERATE'.
(Other definitions for venerate that I've seen before include "Regard (something) with great respect" , "Regard with reverence" , "Regard with deep respect or worship" , "Think a great deal of" , "Treat with respect" .)