This rare kanji has no clear standalone meaning. Treat its meaning as uncertain.
猞 combines the animal radical 犭 with 舍, but the exact historical development and original meaning are uncertain.
The animal radical 犭 beside 舍 suggests a creature associated with a dwelling, but no clear meaning emerges. Picture a mysterious animal lurking near a house.
For シャ, imagine a shy animal peeking out from the 舍: shy -> シャ, and the creature stays hidden.
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