lead / led are similar-sounding terms with different meanings (referred to as homophones). To better understand the differences, see below for definitions, pronunciation guides, and example sentences using each term. 👇
lead: (noun) an advantage held by a competitor in a race. (noun) a soft heavy toxic malleable metallic element; bluish white when freshly cut but tarnishes readily to dull grey. (noun) evidence pointing to a possible solution. (noun) a position of leadership (especially in the phrase `take the lead'). (noun) the angle between the direction a gun is aimed and the position of a moving target (correcting for the flight time of the missile). (noun) the introductory section of a story. (noun) (sports) the score by which a team or individual is winning. (noun) (baseball) the position taken by a base runner preparing to advance to the next base. (noun) a news story of major importance. (noun) thin strip of metal used to separate lines of type in printing. (noun) mixture of graphite with clay in different degrees of hardness; the marking substance in a pencil. (noun) the playing of a card to start a trick in bridge. (verb) take somebody somewhere. (verb) tend to or result in. (verb) travel in front of; go in advance of others. (verb) cause to undertake a certain action. (verb) be ahead of others; be the first.
led: NA
lead: l·EH·d
led: l·EH·d
(Examples are Wikipedia snippets under the CC ShareAlike 3.0 license. Definitions drawn from WordNet.)