The word "gelts" is a plural form of the noun "gelt" meaning money or currency. It is spelled with a hard "g" and an "e" that sounds like "eh" in IPA phonetic transcription /ɡɛlts/. The "lt" is pronounced as a soft "l" and a "t" sound, making it sound like "elts". This Yiddish loanword is commonly used in Jewish culture and is often associated with Hanukkah gifts of money given to children.