Highly valued, having a high personal value.(adjective)
Simple past tense and past participle of cherish.(verb)
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Use "cherished" in a sentence
"His proposal had been practically verbatim to what she’d written in her diary, except the word cherished had replaced love."
"Federal Reserve Chairman Ben S. Bernanke warned Wednesday that Americans may have to accept higher taxes or changes in cherished entitlements such as Medicare and Social Security if the nation is to avoid staggering budget deficits that threaten to choke off economic growth."
"Of the civilized agreements my wife and I have come to over the long course of our marriage, one most cherished is that neither of us is obligated to attend anything the other must attend."