Step 1: Define the given word. 'Regard' as a noun means consideration, care, or high opinion of someone. It implies esteem.
Step 2: Define the options. 'Respect' means a feeling of deep admiration for someone's abilities, qualities, or achievements. 'Love' is a strong feeling of deep affection. 'Liking' is a feeling of fondness. 'Suspicion' is a feeling of distrust.
Step 3: Identify the closest meaning. 'Respect' is the closest synonym for 'regard' in the sense of holding someone in high esteem.