This rare kanji has no clear standalone meaning. Treat its meaning as uncertain.
The exact historical development of 邎 is uncertain. It combines the movement radical 辶 with the component 䌛, but the original meaning and component function are unclear.
Since the meaning is unclear, focus on the shape: the movement radical 辶 surrounds a complex inner part 䌛, like a tangled path leading nowhere certain.
For ホウ, imagine a traveler on a long journey (辶) letting out a sigh: 'hou...' The sound 'hou' cues ホウ while the path stretches ahead.
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