Teddy \t(ed)-dy\ as a boy's name is a variant of Edmund (Old English), Ted (English), Theobald (Old German) and Theodore (Greek), and the meaning of Teddy is "wealthy protector; brave people; God's gift". See also Edward.
The baby name Teddy sounds like Teddey and Tedd. Other similar baby names are Neddy, Addy, Buddy, Cuddy, Eddy, Teddie, Jedd, Laddy, Maddy, Paddy, Redd, Roddy, Tadd, Tandy, Tenny, Terry, Thady, Tedor and Todd.