Learn English – Term for words with identical spelling but different meaning and different pronunciation

pro-NOUN-ciation is universally wrong. Even the highly permissive Merriam-Webster dictionary marks it with an obelus (÷). Here is what they say about pronunciations marked with an obelus:

The obelus, or division sign, is placed before a pronunciation variant that occurs in educated speech but that is considered by some to be questionable or unacceptable. This symbol is used sparingly and primarily for variants that have been objected to over a period of time in print by commentators on usage, in schools by teachers, or in correspondence that has come to the Merriam-Webster editorial department. In most cases the objection is based on orthographic or etymological arguments. (source)

As for why the word pronounce has an O between the two N’s and pronunciation does not, it is unclear, but both words derive from French, pronunciation from pronunciation and pronounce from pronuncier. There is probably some variation in the way the different word stress affected how the words were spelled after being borrowed into English.

Did you think of indict? That is pronounced "in-DITE".

There's a good "bt" one: subtle, pronounced "SUT-tl". The only other "bt" words in which the "bt" is pronounced "t" are: debt and doubt.