What is an Acronym An Acronym is a word formed from the initial letters of a name much like an abbreviation or text shortcut, such as LOL, which means Laughing out loud, and can also mean Lots of Luck.Another example many teens often use is the abbreviations "POS " - parent(s) over shoulder, or "PAL" - Parents Are Listening, to indicate to the chat recipient that they are unable to talk because a parent is present.
Typing shortcuts are handy for slower typers, especially those with disabilities, as it is a quick and easy way of posting a sentence.
Teenagers also commonly abbreviate words when texting on cell phones to save time.
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Chat Abbreviations To cut down time on typing, many people have started using abbreviations for various actions and phrases.