The spelling of the word "Loyde" can be confusing. It is often mistaken for the more common spelling of "Lloyd". However, the pronunciation of the two words differ slightly. "Loyde" is pronounced as /lɔɪd/, with the long "oy" sound, while "Lloyd" is pronounced as /lɔɪd/ or /lɔɪd/. The correct spelling of "Loyde" is derived from its etymology, which traces back to the Old English name "Léod". Despite its uncommon spelling, "Loyde" remains a valid and legitimate variant of "Lloyd".