"Leapfaith" is a word that is spelled phonetically. The spelling of the word follows the International Phonetic Alphabet (IPA) transcription. In IPA, "leapfaith" is spelled as /liːpfeɪθ/. The first part of the word is pronounced as "leap", with a long "e" sound, and the second part is pronounced as "faith", with a soft "th" sound. The word "leapfaith" implies taking a leap of faith or trusting something with complete confidence. The spelling of the word in IPA helps to understand its proper pronunciation.