praise, extol
褒 centers on expressing high approval: praising someone or extolling their virtues. Both given meanings are direct applications of this idea of giving verbal honor.
褒 combines 衣 (clothing) with 保, which likely contributes the sound and the idea of protecting or keeping, suggesting honoring someone with a garment or reward. The exact historical development is uncertain.
The outer 衣 (clothing) wraps around 保 (protect). Imagine wrapping someone in a fine robe to protect and honor them, which is a way to praise them.
For ホウ, picture a crowd shouting 'hoo!' in praise as the honored person is wrapped in the robe: hoo -> ホウ.
reward; prize
to praise; to commend; to compliment; to speak well of; to speak highly of
medal of honour; medal of merit
prize; award; reward
Medal of Honor with Purple Ribbon (awarded for scholarly or artistic achievement)
reward; prize
high praise; rave review
mutual admiration; logrolling
self-praise
praise and censure; public criticisms
Medal with Red Ribbon
Medal with Dark Blue Ribbon
Medal with Green Ribbon (virtuous conduct)
Medal with Blue Ribbon
to extol; to laud; to sing the praises of
to praise (to the skies); to sing the praises (of); to extol
consider yourself praised; you are hereby commended
to grow (as a human, etc.) when complimented; to respond better to the carrot than the stick
to praise to the skies; to extol
being good at giving compliments; person who is good at giving compliments; charmer