Honor:
Honor, what does it mean to people? While for everyone it can mean many things generally its the same. As the dictionary meaning shows it's respect. When talking about honor its used in the form of respect or esteem. when heard in music or in movies its used in those forms.
Power:
Now power does have multiple meanings. It can mean over all rule, strength, or others. The meaning could be in Physical or personal feelings. In music it can mostly be brought as over power (Personal). In physical can be used in objects such as car or energy.
Ambition:
Ambition leans more to the personal side. the overall meaning is desire. What it is that we desire, what do we want most. This desire then leads us to the goals that we set ourselves. Ambition just mean our personal desires.