The kanji and the word are exactly the same. That means they share meanings as well.

縁 often describes the physical outlines of something, such as メガネの縁 (frames of glasses) or 池の縁 (the edge of a pond).

Since this word is made up of a single kanji, it probably uses the kun'yomi reading. You did not learn this reading, so here's a mnemonic to help you:

The edge of the cheese is what we call the fool (ふ) cheese (ち) because nobody wants that part.