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Viva /vi-va/ [2 sylls.] as a girls' name is of Latin origin, and the meaning of Viva is alive.
If you type in Live in the spanish dictionary then you get residi, morar, anidar (fig), subsistir, encendido. BUT if you type in Live By then you get vivir. Maybe it can mean that, if you take the phrase Viva la Vida into context.