外公 (wài gōng)
(coll.) mother's father; maternal grandfather
Character breakdown
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外 (wài) · 5 strokes
Phonosemantic compound. 卜 represents the meaning and 月 represents the sound.
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公 (gōng) · 4 strokes
Pictograph of a earthen jar for holding liquid, now written as 瓮. The current meaning "public" is a phonetic loan.