esperar
wait
esperanza
hope
+
-ar
verb ending
Esperar means to wait and can be thought of as having hope0 (esperanza0) while waiting. The -ar1 ending indicates it's a verb1.
verb
  1. wait
    To wait for something or someone
    Voy a esperar el autobús. // I'm going to wait for the bus.
  2. hope
    To hope for something
    Espero que todo salga bien. // I hope everything turns out well.