The word 'live' is an heteronym. A heteronym is a word that has a'twin' that looks the same but is pronounced differently and has a different meaning. The pronunciation depends on the context: Live (verb)/lɪv/ People live in that house How can we live this way? Live (adjective)/haɪv/ Let's watch the game live There is a live concert next week There are many heteronyms. What other examples can you think of, are you able to pronounce both options?