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What is an acronym?

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Acronym - is a word formed from the initial letters of other words in a phrase or name. An acronym is used to shorten long or complex names to facilitate perception and memorization.
 
The abbreviation "SBU" is an acronym as it is formed from the initial letters of the words "Security Service of Ukraine". Most often, acronyms are used to shorten the names of large organizations.
Acronyms can quite often be found in the names of music bands, for example, "RHCP" is an acronym for the band "Red Hot Chili Peppers".

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