Actually it means the Lord. But usually it is used as a term of respect for an honoured person

The Personality of Godhead, who possesses in full the six opulences ( bhagas) of perfection - strength, fame, beauty, knowledge, renunciation, and power to control.

(tib bcom ldan 'das) an epithet of the Buddha. He who has vanquished (bcom) the four demons, possess (ldan) all the qualities of realisation, and is beyond ('das) samsara and nirvana.

(Lit. One endowed with the six attributes, namely, infinite prosperity, strength, glory, splendour, knowledge and renunciation.) An epithet of the Godhead; also the Personal God of the devotee.

"He who possesses all opulence" the Supreme Lord, who is the reservoir of all beauty, strength, fame, wealth, knowledge and renunciation

The Lord; God. Also used as a title of celebrated saints.

The Divine Godhead: one who has the six auspicious attributes of Aisvarya, viryam, jnana, balam, sakti and tejas.

The Lord; Narayana or Hari.

Epithet for a buddha; sometimes translated as Lord, Blessed One and so forth. One who has destroyed ( chom) all the defilements, possesses all qualities ( dän) and has transcended the world ().

Bhagavan, also written Bhagwan or Bhagawan (भगवान् in devanagari script, Bhagavān in IAST) is a Sanskrit word originating from the term Bhagavat (भगवत् in Devanagari script, pronounced as "bhəgəvət"), and its nominative singular form under nominal declination is Bhagavān. It literally means "possessing fortune, fortunate" (from the root "Bhaga", meaning fortune, glory) , and hence "glorious, divine, venerable, holy", etc.