Just heard this new three letter acronym(?) on the radio Global Growth Correction http://www.businessinsider.com/global-growth-correction-2015-8?IR=T
Sorry mate, it's an initialisation. An acronym is when the initials are pronounced as a word. E.g. Qantas, NAB ; not CBA or ANZ.
Interesting, I've never heard of the term initialisation before. Edit: This is why haha Noun 1. initialisation - (computer science) the format of sectors on the surface of a hard disk drive so that the operating system can access them and setting a starting position initialization, low-level formatting computer science, computing - the branch of engineering science that studies (with the aid of computers) computable processes and structures data format, data formatting, format, formatting - the organization of information according to preset specifications (usually for computer processing) I think you incorrectly corrected him.