The spelling of the word "Lipson" can be explained using the International Phonetic Alphabet (IPA) transcription. It is pronounced as /ˈlɪpsən/ with the stress on the first syllable, "lip". The first two letters are pronounced as "li", followed by a dental fricative sound /θ/ for the letter "p". The final three letters are pronounced with a schwa sound /ən/. Overall, the spelling of "Lipson" accurately reflects its pronunciation through the use of phonetic transcription.