Live

To be alive; to have life.

"He's not expected to live for more than a few months."

To have permanent residence somewhere, to inhabit, to reside.

"I live at 2a Acacia Avenue.  He lives in LA, but he's staying here over the summer."

To survive; to persevere; to continue.

"Her memory lives in that song."

To cope.

"You'll just have to live with it!  I can't live in a world without you."

Life

(only used attributively) Having life; that is alive.

"The post office will not ship live animals."

Being in existence; actual

"He is a live example of the consequences of excessive drinking."

Having active properties; being energized.

Operational; in actual use rather than in testing etc.

Of an event, as it happens; in real time; direct.

"The concert was broadcast live by radio."

Of making a performance or speech, in person.

"He'll be appearing live at the auditorium."