We use 'live' to say where someone stays or that someone is alive. It means a person or animal has life in a place.
I live in a small house.
She lives near the school.
'Live' means a show or event is happening now and you see or hear it at the same time it happens, not recorded.
The band will live on TV tonight.
They watched the live concert online.
'Live' means something has electricity or power flowing through it now and can be dangerous.
There is a live wire in the wall.
The live battery charges the phone.
'Live' means a place has many people and is full of energy or action.
The city has a live nightlife.
This street is very live at night.
To 'live' means to enjoy or experience life fully, not just to exist.
Live your life with no fear.
They want to live happily every day.