esperanza
/espeˈɾanθa/ · A2 · noun · f
hope
⚓ esperar (to hope, to wait) + -anza = the state of hoping
From esperar, which means both to hope and to wait, plus the noun ending -anza (as in confianza, enseñanza). Same Latin root sperare gives English despair = without hope. The anchor is the traditional emblem of hope.