Abbreviations and Acronyms Used in Magento 2, A-Z

Intro to ABBRVs & ACRNs

In the modern world, people tend to use shorter forms of words, especially in written form. These types of short forms are called abbreviations, and the ones that you can pronounce (formed from the first letters of the words) are called acronyms. In addition to the everyday abbreviations and acronyms, like SMS, ZIP, ASAP, Mr., Mrs., and many more, shorter forms of words are also popular in the business world. Today, we are going to explore the most popular Magento 2 abbreviations and acronyms.

You may know the meaning of some of them, but are you sure you know them all? No need to browse the Internet in order to look up the meanings. Find everything you need in this article. Apart from the meaning, there is also a brief description of the functionality behind the term.

Now, let’s get down to business and go through Magento 2 abbreviations and acronyms in alphabetical order.

Abbreviations & Acronyms, A-Z

2FA – Two-Factor Authentication

Two-Factor Authentication is additional protection against unlocking your account by an unauthorized user. It consists of two parts: a regular username-password combination, and a piece of information that only the owner of the account knows (e.g., PIN), has (i.e., mobile phone or a credit card), or is (i.e., fingerprint pattern or an iris scan). Provided that you use this form of protection wisely, there is no need to worry about the security of your data.

3PL – Third-Party Logistics 

Third-Party Logistics providers are there to bring to completion the orders that you have made. Smaller providers specialize in one of four areas: Warehousing, Transportation, Distribution, Shipping, and Receiving. Larger providers specialize in all of the previously mentioned areas. Pick one depending on the needs of your business. 

ADA – a programming language named after Augusta Ada King-Noel, Countess of Lovelace  

Ada is a highly structured programming language, developed for the Department of Defense, but also used by military, satellites, air traffic control, public transportation systems, and the bank. The program is remarkably secure, reliable, and extremely precise, so it is no wonder that it was named after a famous mathematician Augusta Ada King-Noel. 

AEM – Adobe Experience Manager  

Adobe Experience Manager is a content management platform which enables you to build and manage websites, mobile applications, and online communities, all in one place. Integrate your marketing software in a cloud platform and use its flexibility to reach more customers. Moreover, adapt the content of your web page to every screen and channel by converting it to experience fragments. 

AFL – Academic Free License

Academic Free License is an example of a permissive free software license. Its author is an attorney and a computer specialist Lawrence Rosen, who wrote the license in 2002. AFL grants intellectual property rights to the authors and publishers for their original work. Its latest version is Academic Free License v. 3.0.

AMP – Accelerated Mobile Pages

Google and Twitter have united forces in order to create Accelerated Mobile Pages, an open-source framework that works very fast since it uses simplified versions of HTML and CSS. Make your first user-oriented website, ad, email, or story. AMPs enhance both user experience and business metrics.

AMQP – Advanced Message Queuing Protocol

Advanced Message Queuing Protocol is an open-source protocol for sending high-volume messages. It was developed by John O’Hara of JPMorgan Chase & Co. in 2003. AMQP represents a safe, standardized, and complete connection between various technologies and organizations. It represents an efficient wire protocol with message security, global addressing, and extensible layering that help businesses provide an infrastructure. 

AMT – Alternative Minimum Tax

Alternative Minimum Tax, created in 1969, is the tax you have to pay if your tentative minimum tax exceeds your regular tax. In other words, AMT makes certain adjustments to your taxes; if it ends up higher than your regular tax, this is the one you have to pay. In addition, this higher tax amount becomes your new minimum tax. 

Apache License – a software license by the Apache Software Foundation

Apache License is a permissive free software license that allows the users of the software to modify and distribute it according to the terms of the license. It was written by the Apache Software Foundation in 2004. An important thing to remember about this license is that every change to the license file has to be stated in the form of notification.

API – Application Programming Interface

Application Programming Interface is a group of functions that allows the communication between applications, or between the user and the system. It serves as a mediator that sends your request to the right place and gives you back the appropriate response. Moreover, one application can have access to data of another application or service, as well as to data of another operating system. This type of behind-the-scenes function gives you the ability to, for example, purchase products online. 

AWS – Amazon Web Services

Amazon Web Services is a safe platform with a set of tools for storing, managing, and accessing data, hosting websites, sending emails, and delivering files via CDN (Content Delivery Network). You can build an application for eCommerce without direct costs, meaning that you pay only for the features you actually use. 

B2B – Business to Business

Business-to-business is an online trade between two businesses. It is crucial to establish a strong relationship with other clients, but also to invest in business-to-business marketing strategies in order for your business to grow. You ought to use trade media, social media and conventions to your advantage if you want to increase your B2B transactions.  

B2C – Business to Customer

As opposed to B2B, business to customer refers to an online commerce between a business and a customer. Instead of selling their products to retailers, businesses started approaching consumers directly, which lowered the cost of products. Customers are more satisfied now since the products are delivered directly to their addresses and purchased at lower prices.

BI – Business Intelligence

Business Intelligence is a software for data evaluation and their introduction to business owners. Its key purpose is a business improvement, and because of that it offers quick and automatic data extraction and linking. Furthermore, there are some very useful tools that are interactive and can help you understand the data in question. 

BSD License – Berkeley Software Distribution License

Berkeley Software Distribution License is a type of permissive free license based on Ken Thompson’s UNIX from 1969. There are only a few restrictions that have to be followed based on this license. If you are to redistribute either modified or unmodified software, you have to include the original copyright notice, a list of two simple restrictions, and a disclaimer of liability. (http://www.linfo.org/bsdlicense.html) 

C2C – Customer to Customer

Customer to customer is an e-trade between two customers via third-party business or platforms, such as eBay, Etsy, Amazon, etc. Even though this method of purchasing products is highly popular and widely used, it can also be very unsafe in terms of product quality and payment guarantee. 

CDN – Content Delivery Network

Content Delivery Network is a network system that enables users to retrieve the web content based on their geographic location, webpage origin, and the content delivery server. It increases the speed of the content that is being delivered to the end user and decreases the loading time. The closer the CDN server is to the user, the faster the webpage will be loaded.

CIF – Commerce Integration Framework

Commerce Integration Framework is an extension that allows users to improve customer experience by managing and customizing the shopping experience. One of its main benefits is providing flexible customization for commerce services. Another benefit of CIF is that it supports GraphQL endpoints, Single Page applications, and Multiple Pages applications. 

CIN – Consumer Identification Number

Consumer Identification Number refers to the three or four last digits of the user’s account number. This number is unique, and it represents the form of additional security. CIN is visible on your card only, never on receipts or any other statements. 

CLI – Command – Line Interface

Command –Line Interface is a program which uses text to complete system functions. It is mainly used by developers and administrators, and it enables their interaction with systems or applications. To put it differently, you use certain words in order to complete certain actions. 

CMS – Content Management System

Content Management System is software for creating, managing, and publishing web content. Everything that is seen on the page, including navigation, header, images, the title, and the body of the text, and footer, can be changed via the admin panel of the software. WordPress is one of the most commonly used software systems.

CRON – Command Run On

Command Run On is a very useful program that enables you to schedule tasks (or cron jobs) and performs the commands. It is mainly used for updates/downloads based on the prearranged intervals, or for automated system maintenance. Each cron job is defined by time, user, and command, and in a sole line. 

CSS – Cascading Style Sheets

Cascading Style Sheets is a style language that enables users to see HTML elements in a certain way – size, shape, and color of a text or table. You can use tags, IDs, and/or classes in order to set the rules for displaying these elements on your web page. As for the text, you can set the rules for numerous CSS properties, such as text color, background color, font size, font family, padding, width, margins, border, etc. 

CSV – Comma-Separated Values

Comma-Separated Values is a text file that separates values by using commas in the form of a two-dimensional structure. It stores data in plain text and transfers it from app to app. CSV file usually open automatically in Microsoft Excel, but they can also be opened in Google Docs or OpenOffice Calc. 

DB – Database

A database is a group of stored, easily accessed data (e.g., pictures, images, files, pdf, etc.) which can be managed at any time by a database programming language, mostly by SQL. The main elements of the database are a schema, table, column, and row. Databases are immensely useful for online stores since you can organize your data into categories (e.g., products, orders, customer accounts) that are interconnected and form a database. 

DBMS – Database Management System

Database Management System is a system which consists of a number of programs that enable you to access and manage database, as well as to control the access to it. This system allows its users to manage data definitions, update and retrieve data, and manage users. The most commonly used DBMSs are My SQL, IBM DB2, Microsoft Access, Oracle, etc. 

DDL – Data Definition Language

Data Definition Language is a programming language that enables you to create and manage database objects (e.g., tables, schemas, indexes, users, and views). SQL commands, like CREATE, DROP, ALTER, COMMENT, etc., describe the database elements.

DDoS attack – Distributed Denial-of-Service attack

Distributed Denial-of-Service attack consists of a few connected systems whose aim is to interrupt the work of your server. It attacks the layers of your network connection – physical layer, data link layer, network layer, transport layer, session layer, presentation layer, and application layer. The most difficult one to protect is the application layer since it is rather challenging to decide whether the traffic is malicious or not.

DNS – Domain Name System

Domain Name System is a system which makes it easier for computers to interpret domain names in terms of IP addresses, i.e., to convert them from words to numbers. Its goal is to supply crucial information as rapidly as possible, as well as to map the name to the equivalent IP address, all based on the domain name that has been entered. 

EAV – Entity-Attribute-Value

Entity-Attribute-Value model is a set of elements describing an entity stored in rows and columns of a table. As you may have guessed, there are three columns in the table: entity, attribute, and value. On the other hand, there are numerous rows that describe the entities. This type of model is also called ‘open schema’. 

EDI – Electronic Data Interchange

Electronic Data Interchange refers to an electronic transaction of business documents, from one computer to another, as well as the management of the aforementioned documents. All the parties involved in the purchase have real-time access to data, and all purchase-related processes are dealt with from a single cloud-based platform, which makes B2B communication less complicated. 

ERP – Enterprise Resource Planning

Enterprise Resource Planning is a software that implements the management of applications and functions of an enterprise, such as planning, purchasing, marketing, human resources, and others. There are certain types of ERP platforms – Generalist, Open-Source, Vertical, and Small Business platform. All of them enable a better insight into the business, and provide an increase in efficiency because of their flexibility. What’s more, the platforms are quite affordable and easy to use. 

FPC – Free Pascal Compiler

Free Pascal Compiler translates computer codes with Pascal and Object Pascal dialects. It can be used on many operating systems and CPU architectures. The latest features of FPC include custom attributes support, ‘multihelpers’ modeswitch, and LLVM code generation for some platforms. 

FTP – File Transfer Protocol

File Transfer Protocol is a protocol for transferring files between computers and servers via a TCP/IP network. You can make your file available for download by uploading it to an FTP server. Furthermore, you can transfer files in two ways – via an Internet browser or via an FTP client. Some servers request an anonymous login or a user account in order to allow the download. 

GA – Google Analytics

Google Analytics is a free web analytics software for analyzing data about the traffic on your site in great detail. You can start analyzing data in three simple steps – sign up with some basic site info, get a tracking code in order to keep track of the number of visits and get an insight into data regarding your site. GA is a powerful tool for boosting your business – the more you know about your customers and their needs, the easier it is for you to provide a better user experience. 

GDPR – General Data Protection Regulation

General Data Protection Regulation, established in April 2016, is a legal document that regulates the protection and privacy of data within EU member states. It should be noted that any company that makes transactions with EU citizens is also subject to this regulation and all possible penalties and fines that it may include for failing to achieve GDPR compliance in due time. 

GPL – General Public License

General Public License is a free license that enables users to modify the software and distribute it, keeping the original copyright conditions. It was developed by Richard Stallman in 1989; its latest version GPLv3 was published on June 29, 2007. This license protects its users from three big threats: tivoization, laws prohibiting free software, and discriminatory patent deals. 

GST – Goods and Services Tax

Goods and Services Tax is a national tax concerning sales, products, and services. The tax is levied on everyone and everything in the supply chain – customers, products, services, retailers, manufacturers, raw material suppliers, etc. It has many advantages, not only for the government, but also for consumers, states, and industry. Some of these advantages include easier business management, automated tax payment, a long-run price reduction,  enablement of economic growth, reduction of corruption, and many more.

GSTIN – Goods and Services Identification Number

Goods and Services Identification Number is a 15-digit product code used for the acquisition of the product. It is assigned to business entities after submitting an electronic application (Form REG-26), and signing/verifying it through Electronic Verification Code (EVC). Upon receiving the code, businesses have to make it visible to everyone. 

GTM – Google Tag Manager

Google Tag Manager is a system for managing JavaScript and HTML tags, used for improving data accumulation and increasing the speed of websites. Once you make your GT account, you will get a code that you should install on your website. By doing this, you will be able to use the GTM interface for everything else you do in the future. 

HS – Harmonized System 

Harmonized System is a system for universal product categorization. It is developed by the World Customs Organization (WCO), and its latest edition is released in 2017. More than 90% of the international trades are classified under HS 6-digit codes. 

HTML – Hypertext Markup Language

Hypertext Markup Language is a common markup language for describing the structure of websites. It consists of opening and closing tags that represent distinct elements, like  <head>, <title>, <body>, <header>, <footer>, etc. Based on these tags, the browser knows how to read and display the content of your web page. 

IP Address – Internet Protocol Address

Internet Protocol Address is a unique network or computer number represented by digits. Based on the network location, there are two types of IP addresses: private and public. As far as permanency is concerned, there are static and dynamic IP addresses. They make it easier for the router to appoint you to correct websites. 

JSON – JavaScript Object Notation

JavaScript Object Notation is a text written with JavaScript used for transportation and storage of data. JSON files consist of double-quoted properties that may be validated through apps JSONLint. Pay close attention to each column and comma, because their misplacement can cause the malfunction of the file.

KPI – Key Performance Indicator

Key Performance Indicator is a performance measurement tool. It measures the progress of your business. Previous to using this tool, you should devote time to specifying your objectives as precisely as you can since it directly affects the outcome, that is, the improvement you have been expecting. 

LESS – Leaner Style Sheets

Leaner Style Sheets is an open-source dynamic language extension for CSS. LESS offers you a bit more options than CSS. For example, it enables you to easily change the colors on your website via variables; nesting the rules is another useful option, since it provides easier access to variables, especially in a big code; you can also create mixins in order to decrease the number of lines in your code. 

MBI – Magento Business Intelligence

Magento Business Intelligence is a platform for data management. It is a cloud-based tool that provides an easy access to all your business data. Thanks to this platform, you can effortlessly sync, store, and refresh data about all your customers and products, which will help you manage your business on a different, more efficient level.

MD file – Markdown file

Markdown file is an explanatory file on how to convert a text document to HTML. It is one of the most popular markup languages around the globe, developed by John Gruber, released in 2004. You can choose formatting style of words (bold or italic), create lists, or add images with the help of some non-alphabetic characters like # or *. 

MFTF – Magento Functional Testing Framework

Magento Functional Testing Framework is a platform that provides you with functional tests for Magento. You can make up to 170 original tests for the future Magento developers to solve. Each change, including updates, extensions, customizations, or an upgrade of Magento will be implemented in the tests. 

MIT license – Massachusetts Institute of Technology License

It is a free software license developed at the Massachusetts Institute of Technology in the 80s. Based on this license, you can reuse, copy, modify, or distribute any software as long as it contains a copy of the MIT license. 

OMS – Order Management System

Order Management System is an adaptable platform for global inventory management from direct or indirect sales channels. OMS increases the speed of selling goods, improves customer experience and loyalty, provides shipment to and from any place, and distributes order management to satisfy the customers’ needs.

OSL – Open Software License

Open Software License, created by Lawrence Rosen, is a free license that places by the author of the original work. In 2005, the Open Source Initiative approved OSL 3.0. It allows you to copy the original work and redistribute it, create a derivative work based on it (translate, adapt, modify, etc. the original work), display it in public, and many more things. However, everything must be under OSL 3.0.

PA-DSS – Payment Application Data Security Standard

Payment Application Data Security Standard is software that comprises of demands concerning payment security via third-party applications. It was published in 2008 as a replacement for Visa’s PABP (Payment Application Best Practices). In order for the applications to be secure, they mustn’t collect prohibited data, like a PIN or CVV (Card Verification Value).

PAN – Permanent Account Number

Permanent Account Number is an identification assigned to taxpayers. It consists of 10 alphanumeric digits and it is issued by the Income Tax Department. It is not advisable to own more than one PAN since it is against the law. You can apply for a PAN card on one of the websites of National Securities Depository Limited and UTI Infrastructure Technology And Services Limited.

PCI – Peripheral Component Interconnect

Peripheral Component Interconnect is a connection between external components and a computer’s motherboard. In the past, the most popular components to connect via PCI were sound cards, video cards, and network cards; nowadays, these are mainly USB sticks. PCI transfers both address and data signals from external components to a PC.

PCI-DSS – Payment Card Industry Data Security Standard

Payment Card Industry Data Security Standard is a group of security standards made for companies that deal with credit card management. PCI-DSS’s job is to decrease credit card fraud and to protect cardholder data. It applies to all companies that manage cardholder data.

PHP – Hypertext Preprocessor

Hypertext Preprocessor, designed by Rasmus Lerdorf, is a programming language for developing HTML web pages. PHP code is not visible on a web page since it gets transformed into HTML. Apart from its unique features, it has some elements of other programming languages (C, Java, Perl, etc.). The most common use of PHP is for creating websites with databases.

PIM – Product Information Management

Product Information Management refers to the management of information concerning the products of your store. Develop and share your product info, create a product catalog, and manage multi-lingual data for multiple geographic points of sale. Some of the best Product Information Management softwares are InfoSphere MDM, Product 360, Salsify, Akeneo, Pimcore, etc.

PIN – Personal Identification Number

Personal Identification Number is a unique alphanumeric combination that one uses in electronic transactions and on ATM machines. It usually consists of four numbers between 0000 and 9999 (six numbers in Switzerland), and it contributes to the security of your account. You can either use a default PIN issued by your bank or a custom one, based on your personal preference.

POS – Point of Sale

Point of Sale indicates the point of finalization of the purchase, i.e., the time and place of selling/buying a product. POS can be in an actual store with a physical location or in a virtual store, eCommerce store, in the form of a combination of hardware and software. A cash register that collects sales data is an example of a POS system, as well as other software modules like card readers and barcode scanners.

PSD2 – Payment Services Directive 2

Payment Services Directive 2 is an updated version of the original Payment Services Directive. It focuses on the security, as well as on the use of new types of payment. This EU Directive affects everyone, from payment and e-money institutions to their customers. It provides the safety of both financial transactions and consumers.

P2PE – Point-to-Point Encryption

Point-to-Point Encryption combines secure apps, processes, and devices in order to provide secure encryption of data. When you use a credit card, its data travels a long way across a number of points prior to reaching the assigned bank for processing. P2P Encryption makes your data encrypted throughout this process, thus providing the constant safety of your data.

PSR – PHP Standard Recommendation

PSR is a coding standard for programming in PHP that has been developed by the PHP FIG (Framework Interop Group). The point of this standard is to make components interoperable and supply a common technical basis in order to implement the programming concepts.

PWA – Progressive Web Apps

Progressive Web Apps have all the functionalities of applications but are actually websites. In order for an app to be progressive, it needs to meet some of these criteria: responsiveness, linkability, safety, discoverability, re-engageability, offline support, etc. One important advantage of web apps is that you do not need to install them via digital distribution systems (e.g., Google Play) since they are actually web pages or web sites.

QR code – Quick Response code

Quick Response code is a 2D barcode for providing easier access to data from your smartphone. When you open up your barcode reader app, you simply point your phone’s camera to the code. It performs a specific action (a dynamic code) or delivers a certain type of information (a static code). For example, it can open a company’s Facebook page or an eCommerce store of an international brand.

REST – Representational State Transfer

Representational State Transfer is an architecture for web services development. Differently put, it represents an easier and more effective way of using web features. The main concept of REST is that clients are connected to servers via stateless connections. This means that the server disconnects as soon as it fulfills the request. Furthermore, there are some typical verbs for performing actions on RESTful servers, such as GET, POST, PUT, DELETE, HEAD, DELETE, TRACE, CONNECT, etc.

RTS – Regulatory Technical Standards

Regulatory Technical Standards are instructions for implementing strong customer authentication and protection, as well as for establishing safe payment services within the European Union. RTS accomplishes other goals of PSD2 as well i.e., endorsing innovation of payment services.

SCA – Service Component Architecture

Service Component Architecture is a set of requirements for application development through SOA (Service-Oriented Architecture). SCA is based on the idea that a set of services is put together to create a business solution for particular needs. Dominant software dealers, like IBM and Oracle, have created a series of technologies that provide neutrality of programming language and app environment.

SEF – Search Engine Friendly

Search Engine Friendly content offers precise and unique answers to your questions. This type of content, alongside the title and description tags, is a one-time task, meaning there is no need to make any further changes. Apart from content, title, tags, another thing that falls under SEF is a readable URL. If it is easy-on-the-eye, it makes it effortless for users to find out where it leads to. So, this process is an important stepping stone towards creating a search engine optimized website.

SFTP – Secure File Transfer Protocol

Secure File Transfer Protocol is a protocol that guarantees the safety of data transfer. It provides data encryption, which makes the transfer more efficient and secure. Users must perform a number of operations in order to authenticate the transfer before the data gets sent via a secure channel. Of course, you can cancel the process of data transferring at any moment.

SKU – Stock Keeping Unit

Stock Keeping Unit is a unique product or service code. The code is not standardized, which means it is prone to change. In other words, each merchant has its own set of SKUs for its products. Each barcode allows you to keep track of the product behind it, as well as to access its price, options, and manufacturer.

SOAP – Simple Object Access Protocol

Simple Object Access Protocol is a protocol based on XML messages and their implementation. It represents the way in which web services communicate with apps or other services. Apart from being based on XML, SOAP relies on HTML, which adds to its neutrality.

SQL – Structured Query Language

Structured Query Language is a programming language for managing relational databases and inserting, modifying, and updating structured data. Raymond Boyce and Donald Chamberlin developed it in the 70s. SQL is highly beneficial for database admins since most relational databases support it.

SSH – Secure Shell

Secure Shell is a protocol that enables secure network performance over an unsecured network. Tatu Ylönen designed this software collection in 1995. In order to use SSH, you need to generate public-private key pairs. You can do this either automatically or manually.

SSID – Service Set Identifier

Service Set Identifier is a unique set of characters that defines a WLAN (wireless local area network) name. Two wireless devices can communicate with each other, thus making a BSS (basic service set). These sets can further be joined in one WLAN segment, that is, ESS (extended service set).

SSL – Secure Sockets Layer

Secure Sockets Layer is a secure cryptographic protocol for communicating and transferring files over the Internet. It was developed for data security and authentication in 1995 by Netscape, and it was soon replaced by TLS. Its job is to encrypt data transmitted via the Internet and make sure it is not tampered prior to reaching the intended user.

TCO – Total Cost of Ownership

Total Cost of Ownership refers to the total amount of product or service purchase. It provides a better insight into the product’s value over a period of time. Before you make a decision to buy a product, you should take into consideration its long-term price. The lower the total cost of ownership, the more profitable the purchase.

TLS – Transport Layer Security

Transport Layer Security is an encrypted protocol for secure communication via the Internet. It replaced SSL in 1999. We use versions of this protocol on a daily basis in web browsing, exchanging emails and messages, and VoIP. The main aim of TLS is to prevent the forging and tampering of messages.

TMS – Tag Management System

Tag Management System is a system for tracking tags in digital marketing. Tags, or pixels, are fragments of code added to URLs. Their job is to collect data for digital marketing tools, thus enabling marketers to easily manage tags on their sites. Thanks to these tags, marketers can get a closer look at users’ behavior. Of course, this is very helpful when it comes to marketing.

URL – Uniform Resource Locator

Uniform Resource Locator, also known as a web address, marks the location of the resource on the Internet. Sir Tim Berners-Lee and the Internet Engineering Task Force developed the URL in 1994. All URLs have the same layout: ‘https’ or ‘http’ is a scheme name; then comes the :// – colon and two slashes; ‘www’ stands for ‘world wide web’, but it is not a part of the protocol, rather an indication; then comes the location of the server, that is, the name of a domain, let’s say, ‘google.com’. These are the main parts of all URLs. The additional ones are the port and the location of the server resource, and fragment identifier, i.e., query string.

UUID – Universal Unique Identifier

Universal Unique Identifier is a 128-bit number that represents a unique identity of an item on the web. Many things add to its uniqueness, e.g., the reference to the host’s network, the exact time of the transaction, and a randomly generated component that ensures additional safety. You can use UUID to identify any item. Also, you can be almost 100% sure that it will not be duplicated in the future.

VAT – Value-Added Tax

Value-Added Tax, a tax on consumption, is a system for placing taxes on products or services. This tax can be added at all stages of the buying process, each time a product or service value is raised. In some countries, it is also known as Goods and Services Tax (GST). It is an indirect tax since the buyer pays it to the seller through the product price and then the seller pays it to the authorities.

WYSIWYG editor – What You See Is What You Get editor

What You See Is What You Get editor is a real-time system for editing content. In other words, a user can see the end product during the editing process. A document that you can edit via WYSIWYG can be either a web page, spreadsheet, or presentation. Since it is a customer-friendly editor, there is no need to remember the names of the commands. The changes you make are immediately visible.

XHTML – Extensible HyperText Markup Language

Extensible HyperText Markup Language extends versions of HTML (HyperText Markup Language) while following the guidelines of XML (Extensible Markup Language). Developers use it for creating web page tags, which enables a better organization of the pages. Also, it makes it easier for them to customize the appearance. When it comes to syntax, you must be extremely careful with quotes and capitalization, since it has to be perfect. Some of the main elements, besides the DOCTYPE declaration, are  <html>, <head>, <title>, and <body>.

Conclusion

That was quite the list, right? Now you know the most commonly used abbreviations and acronyms in Magento 2.

And who would have thought that a list of shortened words can have such a long-lasting purpose?

Source

Magento 2 Development Documentation