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WordCrowd WordCrowd-Abbreviations, Word Meaning and MLA Quick Guide MLA Guide part 2 Understanding English Grammar Grammar Games Online English Grammar Exercise 1 Abbreviations Word Meaning Contact Menu Abbreviations Home > Abbreviations MSG – What does this stand for? In general, MSG stands for “Monosodium Glutamate”, a food additive with code number 621. You can find MSG typically in savory foods like stocks, instant noodles, soups, corn chips, sauces, flavored rice crackers, and Asian foods. We can see more and more foods that have the label “No MSG”. In texting and the computer world, MSG is short for “Message”. MSG is frequently used by restaurateurs and in the food industry to enhance flavor. MSG itself is flavorless but it makes food more savory. We know this as “umami”, which stands for our fifth basic taste. It is the rich, underlying flavor that you can find in meaty soups, good broths, and tasteful gravies. The main component of MSG is an amino acid called glutamic acid or glutamate, which you can find naturally in foods that are rich in protein such as poultry, meat, aged cheeses like Parmesan, seaweed, soy sauce, and ripe tomatoes. Many Asian chefs add it to foods in the form of MSG, a cheap crystalline powder that they use to replace salt. A famous Asian MSG brand is “Aji-No-Moto” that has been around for many years. (more…) Continue Reading FDB – What does it stand for? There are many meanings for the acronym FDB. The most found definitions are “First Databank”. First Databank, a subsidiary of Hearst Communications, provides products and services that are relevant in the pharmaceutical data context. The company is creating and maintaining extensively used database products related to drugs, software to integrate drug databases, products for drug reference products, and a host of other relevant information related to pharmaceutical services. Then “FDB File Format”. “FDB” is a relational database file extension that has Firebird software. An FDB file contains sets of records that are organized in a similar way as an SQL database. An FDB file may be opened by Firebird database software which is available Windows, Linux, and Unix. Additionally, “FDB” stands for “Fuck Dat Bitch”, a song by Young Dro, an American hip hop artist, from 2013. The song FDB was the lead single from his 2013 second studio album titled “High Times”. (more…) Continue Reading RDFI – What does it stand for? We have found just a very limited number of meanings for the acronym RDFI. Probably the most used is “ Receiving depository financial institution “. In the banking world, RDFIs are financial institutions that are qualified to receive Automated Clearing House (ACH) transactions and this category of financial institutions must abide by the rules of the National Automated Clearing House Association (NACHA). The Receiving depository financial institution links the Cards Association network with the Receiver’s account. Both credit and debit card transactions are posted in the RDFI. The “RDFI” is the bank that receives the funds through ACH transactions while the “ODFI” is the financial institution that originates or initiates the ACH transaction. The RDFI receives electronic credit, check, or debit entries through the ACH operating system and posts these transactions to the account of the receiver. (more…) Continue Reading FDIC – What is it standing for? The probably most found meaning of the acronym FDIC is Federal Deposit Insurance Corporation. This system guarantees that each depositor under the system is insured per insured bank for at least $250,000. The Federal Deposit Insurance Corporation (or Deposit Insurence Fund) is a US government corporation that provides deposit insurance to all depositors in U.S. savings institutions and commercial banks that are part of the system. The FDIC was created in 1933 at the time of the Great Depression and was intended to restore trust in and credibility to the U.S. banking system. The FDIC insurance is covering all sorts of deposits received at insured banks, including checking accounts, savings accounts, NOW (negotiable order of withdrawal) accounts, MMDAs (money market deposit accounts), and CDs (certificates of deposit) and other deposits. A bank is not mandated to have FDIC-insured coverage but it is often an element of competition among banks. To check if your bank has FDIC coverage, just look for the FDIC logo at your bank, ask a bank representative, or go to this FDIC Bank Find page. (more…) Continue Reading KPI – What does it stand for? As usual, there are several meanings for the abbreviation PKI. Probably the most common is “Key Performance Indicator”, used in business. A Key Performance Indicator is a value to measure the effectiveness of a company to achieve its main business objectives. Businesses and organizations are using KPIs at different levels to measure and evaluate how successful they are in reaching set targets. High-level Key Performance Indicators generally center on a business’ overall performance whereas low-level Key Performance Indicators usually center on processes and effectiveness in departments like production, marketing, support, HR, and others. It happens often that organizations and businesses adopt industry-standard KPIs blindly and later wonder why it is that the KPI is not reflecting their business and doesn’t bring some positive change. Well, an important yet frequently overlooked aspect of a KPI is that it is a type of communication. KPIs abide by the same best-practices and rules as any other type of communication and relevant and clear information and communication are more likely to be acted upon and absorbed. (more…) Continue Reading NAALC – What does it stand for? The Acronym NAALC stands for North American Agreement on Labour Cooperation and is part of NAFTA (North American Free Trade Agreement). The NAALC is providing guidance for labor principles instead of minimum standards regarding domestic laws and so the agreement is not requiring the U.S. Mexico, or Canada to amend existing legislation or enact new legislation to comply with all NAALC principles. NAALC is an agreement to connect and enhance the spheres of gender and trade and gender and aims to create a gender-conscious and equal World Trade Organization. The following CNN video explains what NAFTA is and how it works. The NAALC Agreement came into effect in January 1994 as a side-letter agreement of the NAFTA (North American Free Trade Agreement) by the governments of Mexico, Canada, and the U.S. Its key objective was and is the improvement of living standards and working conditions in the three countries while NAFTA is continuing to promote and enhance closer and better economic ties and trade among the countries. (more…) Continue Reading JIT – What does it stand for? There are quite a few definitions associated with the acronym JIT. The abbreviation is generally meaning “Job Instruction Training” or “Just In Time”, the financial Definition. Just in time (JIT) in the financial and business world refers to an inventory management system or method where goods, materials, and labor are applied and scheduled to come to a production facility or are replenished at exactly the time when they are needed in any production process. “Just In Time” or JIT works optimally for companies that use repetitive manufacturing methods and functions. Examples are small production facilities and hospitals, but other businesses and facilities might find JIT not feasible. Let’s give you an example where Company X is a relatively small automobile manufacturer. On Wednesday, the plant assembles the chassis for the cars and on Friday, the workers assemble the windshield. In the Just In Time philosophy, Company X will have the chassis parts delivered exactly on Tuesday while the windshield will arrive on Thursday. (more…) Continue Reading PPP – What does PPP stand for? Just like with practically all acronyms, PPP comes with lots of different mea...