ALE - An intoxicating liquor made from an infusion of malt by fermentation and the addition of a bitter, usually hops.
ARE - Second-person singular simple present tense of be.
AYE - Ever, always.
EAR - The organ of hearing, consisting of the pinna, auditory canal, eardrum, malleus, incus, stapes and cochlea.
ERA - A time period of indeterminate length, generally more than one year.
LAY - To place down in a position of rest, or in a horizontal position.
RAY - A beam of light or radiation.
YEA - Yes.
LYE - A strong caustic alkaline solution of potassium or sodium salts, obtained by leaching wood ashes. It is much used in making soap as well as its use in biodiesel.
EARL - A British nobleman next in rank above a viscount and below a marquess; equivalent to a European count. A female using the style is termed a countess.
REAL - A commodity; see reality.
RELY - To rest with confidence, as when fully satisfied of the veracity, integrity, or ability of persons, or of the certainty of facts or of evidence; to have confidence; to trust; to depend.
YEAR - The time it takes the Earth to complete one revolution of the Sun (between 365.24 and 365.26 days depending on the point of reference).
LYRE - A stringed musical instrument.
EARLY - At a time in advance of the usual or expected event.
LAYER - A single thickness of some material covering a surface.
RELAY - To lay (for example, flooring or railroad track) again.
YEARLY - Happening once every year.