When it comes to describing something or someone that is held in esteem, there are many different synonyms that can be used. These words range from admiration, respect, and honor to reverence, veneration, and adoration. Other synonyms that might be used include appreciation, esteem, high regard, and regard. No matter which word is used, the overall meaning remains the same - that the subject is highly valued and respected by those around them. Whether it's a person, an institution, or a set of values or beliefs, the phrase "held in esteem" captures the idea that something is of great worth and importance to those who hold it in high regard.