uvažen

1. respected; esteemed
   Njen otac je uvažen lekar u gradu. — Her father is a respected doctor in town.
   Uvaženi gospodine Petroviću, zahvaljujemo na pozivu. — Dear Mr Petrović, thank you for the invitation.
2. (of a complaint, request) accepted; granted
   Naša žalba je uvažena i dobili smo novac nazad. — Our complaint was accepted and we got our money back.

The form "Uvaženi…" is typical of formal address in letters and speeches.