Létezik
Létezik is a Hungarian word that functions as the third-person singular present indicative form of the verb létezni, meaning "to exist." In sentences it is used to assert that something exists, for example: "Ez létezik" (This exists) or "Ez a jelenség létezik" (This phenomenon exists).
Létezni, the infinitive of which létezik is a form, is derived from the noun lét, meaning existence,
As a general-purpose existential verb, létezik appears in a wide range of registers—from casual speech to formal