honour vs toast

honour and toast both are nouns.

Word	Noun	Adjective	Verb	Adverb
honour	Yes	No	Yes	No
toast	Yes	No	Yes	No

As verbs, toast is a hyponym of honour; that is, toast is a word with a more specific, narrower meaning than honour:

Other hyponyms of honour include drink, pledge, salute, wassail, dignify, ennoble, decorate.

honour (noun)	toast (noun)
the quality of being honorable and having a good name	slices of bread that have been toasted
a woman's virtue or chastity	a drink in honor of or to the health of a person or event
a tangible symbol signifying approval or distinction	a celebrity who receives much acclaim and attention
the state of being honored	a person in desperate straits; someone doomed

honour (verb)	toast (verb)
accept as pay	make brown and crisp by heating
bestow honor or rewards upon	propose a toast to
show respect towards