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What is the difference between Abbreviations and Acronyms?

Abbreviations
An abbreviation (from Latin brevire brevis meaning short) is a shortened
form of a word or phrase used mainly in writing to represent the complete form. It
usually has a full-stop at the end.
Examples: Lib. For Library / abbr. for abbreviation / approx. for approximate

Acronyms
An acronym (from Latin acro- meaning beginning + -onym meaning word,
name) is a pronounceable word formed mostly (but not always) from the initial
letters of a descriptive name or title.
Examples: radar = radio detecting and ranging / ASAP = as soon as possible
The term initialism uses a similar method, but the word is pronounced letter by
letter. Example: BBC British Broadcasting Corporation or USA United States of
America.
And last but not least, there are symbols and/or units of reference, like min for
minute or kg for kilogram.

Usage & Meaning

Not all of these short-hands can be assumed to be understood by the majorities of Internet or E-Mail
users. However, there are some exceptions, which are fairly safe to use:
2 4 B C I O R U Y
to / too for Be see eye owe are you why
The reason is that these abbreviations are based on the pronunciation of their corresponding letter /
digit.

List of Internet Acronyms

Acronyms A to L Acronyms M to Z
2F4U Too Fast For You MMW Mark my Words
4YEO FYEO For Your Eyes Only
N/A Not Available / Applicable
AAMOF As a Matter of Fact NaN Not a Number

ACK Acknowledgment NNTR No need to Reply

noob n00b Newbie
AFAIK As far as I know
NOYB None of your Business
AFAIR As far as I remember / recall
NRN No Reply Necessary
AFK Away from Keyboard
AKA Also known as OMG Oh my God
OP Original Poster, Original Post
B2K BTK Back to Keyboard OT Off Topic
BTT Back to Topic OTOH On the other Hand
BTW By the Way
B/C Because Problem exists between Keyboard and
PEBKAC
Chair
POV Point of View
C&P Copy and Paste
CU See you
ROTFL Rolling on the Floor Laughing
CYS Check your Settings Repondez s'il vous plait (French: Please
RSVP
reply)
DIY Do it Yourself RTFM Read the fine Manual

EOBD End of Business Day SCNR Sorry, could not Resist

EOD End of Discussion SFLR Sorry, for late Reply
EOM End of Message SPOC Single Point of Contact
EOT End of Thread / .. Text / .. Transmission

TBA To be Announced
FAQ Frequently asked Questions
TBC To be Continued / To be Confirmed
FACK Full Acknowledge
TIA Thanks in Advance
FKA Formerly known as
TGIF Thanks God, its Friday
FWIW For what it's Worth
THX TNX Thanks
FYI / JFYI (Just) For your Information
TQ Thank You
FTW Fuck the World / For the Win
TYVM Thank You Very Much
TYT Take your Time
HF Have fun
TTYL Talk to you Later
HTH Hope this Helps
w00t Whoomp, there it is; Meaning "Hooray"
IDK I don't know
WFM Works for Me
IIRC If I Recall / Remember Correctly
WRT With Regard to
IMHO In my Humble Opinion WTH What the Hell / What the Heck
IMO In my Opinion WTF What the Fuck
IMNSHO In my not so Humble / Honest Opinion
IOW In other Words YMMD You made my Day
ITT In this Thread YMMV Your Mileage may vary
YAM Yet Another Meeting
LOL Laughing out loud ICYMI In Case you missed it
DGMW Don't get me wrong