PNF stands for "Plug and Fly",PNF kits come with everything except the

transmitter, receiver and the battery.

ARF stands for "Almost Ready to Fly. An ARF airplane needs a few small
finishing touches and you have to install the engine/motor and radio gear
yourself.
RTF stands for "Ready-to-Fly", and it means the model you are buying
comes complete with everything you need to get started - straight from the
box!
BNF stands for "Bind-N-Fly products come with everything you need
except for a transmitter.
PNP Plug-N-Play Ready To Fly rc aircraft that are missing the
transmitter and receiver, allowing the pilot to use his/her own.
FPV - A relatively new form of rc flying, whereby a small video camera is
mounted on the aircraft and the pilot wears video goggles or looks at a
monitor, to view the live video stream from the camera. Essentially, it puts
the pilot in the cockpit and gives him/her a real pilots-eye view when flying.
Park Flyer - the general name given to any electric rc airplane that can be
safely flown in a public park / school yard / parking lot / sports field etc.