time-honored

[tahym-on-erd]
adjective
revered or respected because of antiquity and long continuance: a time-honored custom.
Also, especially British, time-honoured.


Origin:
1585–95

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
time-honored

adjective
1. acceptable for a long time; "time-honored customs" 
2. honored because of age or long usage; "time-honored institutions" 
WordNet® 3.0, © 2006 by Princeton University.
Cite This Source
Example sentences
Counting things out on fingers is a time-honored tradition.
It sounds as if you are engaging in the long, time-honored tradition of
  complaining about the short-comings of your country.
And hanging on a wall is a time-honored last line of defense: a flyswatter.
Peters' specialty is the time-honored technique of affectionately observing
  cultural differences.
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