This is the 649th most frequent Hebrew word.
מקווים
"Hope" or "are hoping."
In this sentence, "מקווים" is the verb in the plural third person masculine form, meaning 'they hope'.
הם מקווים שהשיחה תביא לפתרון.
They hope the conversation will bring a solution.
Here, "מקווים" is the verb in the plural first person form, indicating 'we hope'.
אנחנו מקווים שהמזג אוויר יהיה נעים מחר.
We hope the weather will be nice tomorrow.
Here, "מקווה" is the singular first person form of the verb 'hope', indicating 'I hope'.