Again, your interpretation of the meaning is correct.
The word "bear" can be used in different context to mean different things. The main use of the words is for the animal. For example, "Bears live in wooded areas."
It could be used to indicate the inability to cope with something. "I cannot bear to revise for another exam."
It is also used to bring something forth. "Women bear children", I.E. they give birth to them. In the past tense it would be written as "The woman bore a child."
It can be used to indicate possession. Someone who has brought another person a present would bear a gift.
As you can see, it's a very versatile word indeed!