荣 is a bound morpheme (b.f.) — it does not appear alone in modern Chinese but combines with other characters to form common words. Its two main sets of meanings are: (1) honor, glory, or being honored (as in 光荣 'glory', 荣幸 'honored', 荣耀 'honor'); and (2) thriving or prosperous (as in 繁荣 'prosperous', 荣华 'splendor'). It can also be a surname (Rong). Understanding which sense is active depends on the compound it appears in.