Grinding a valve means using a special machine to make a new sealing face on the valve head. You do this to valves when the sealing face gets worn or burnt and has pits or grooves that prevent a good seal with the valve seat in the cylinder head.
Honda valves are hardened with a process known as Stellite coating. This coating or hardened surface is quite thin - grinding the valve will remove it. Honda says "do not grind these valves, period" and some people who have reground them have had them wear out quickly. I know of several engines with reground valves that have gone a LOT of miles without trouble, and a few reputable machine shop operators have told me that regrinding is fine. Honda wants to sell spare parts, machine shop guys want to do machine shop work. Who to believe?
Reseating the valves, using "valve grinding" compound between the valve and the seat and then rotating the valve to mate the two surfaces and polish them together for a good seal is different, and this process is always done when a valve is ground or replaced, the valveseat reground, or the valve guide replaced.
Honda uses cast-in valve seats that are not replaceable. Although they can be ground - and getting a multi-angle seat profile ground is common - each grinding removes some metal and after a few times the head will be junk.