Friendship- my definition- is built on two things. Respect and trust. Both elements have to be there. And it has to be mutual. You can have respect for someone, but if you don't have trust, the friendship will crumble.

This statement describes what the speaker believes friendship is: relationships built on mutual respect and trust. Respect is having an admiration or regard for someone. Trust is a belief that someone or something is reliable or good. The statement indicates that both of these qualities must be present and shared by both people in order for a friendship to truly exist. Without trust, the relationship will eventually fall apart.