"Greetings", with a blend of respect. Traditional way to greet in the country of India.
Pronounced as Nah-mahs-tey.

When you say "Namaste", you join both your hands symmetrically in front of your chest (don't let the hands touch the chest though), as in clapping, and keep them like this while saying the word.

This is a "less-academic" version of the word "Namaskaar". Although this is a Hindi language word, this is prevalent in all parts of India, and well understood by people of all cultures in the country.