honour vs wassail

honour and wassail both are nouns.

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

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

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

honour (noun)	wassail (noun)
the quality of being honorable and having a good name	a punch made of sweetened ale or wine heated with spices and roasted apples; especially at Christmas
a woman's virtue or chastity
a tangible symbol signifying approval or distinction
the state of being honored

honour (verb)	wassail (verb)
accept as pay	propose a toast to
bestow honor or rewards upon	celebrate noisily, often indulging in drinking; engage in uproarious festivities
show respect towards