Most commonly seen in the compound 负罪感 (fùzuìgǎn, 'sense of guilt'), which is the standard psychological term. As a stand-alone verb it's a literary 'bear guilt / be a guilty party.'
memory
负 = 'to carry on the back, bear (a burden)' + 罪 = 'crime, sin.' Picture guilt as a sack you carry around - that's 负罪 in physical form.