Decoding 5 Frequently Used Business Abbreviations (Part 3)

Seasoned professionals are able to draw from their internal word bank and use acronyms to communicate elaborate ideas concisely.

Some of this jargon can look like gibberish to those not in the loop, but all it takes to get up to speed is some old-fashioned reading…

You know the drill by now! Five more abbreviations lie just below:

ISP

Stands for… Internet service provider
Meaning: Let’s start with an easy term! An ISP is a company that provides internet access and connectivity to its customers, whether it be an individual household or a business. When there’s a problem with the Wi-Fi or router, workers from your ISP are the ones who come to fix it.
Example: Due to firewall issues, I need to contact my ISP.

SEO

Stands for… Search engine optimization
Meaning: This one may sound tricky, but the general idea is simple. SEO involves using key words and content strategies to make a website more findable. The goal of SEO is to drive traffic to your webpage, get it to the top of Google’s search results, and gain the most clicks.
Example: We’ve hired an SEO agency to improve our rankings.

YTD

Stands for… Year to date
Meaning: Year to date is a measure of time that runs from the first day of the calendar year (January 1st) or fiscal year to the current day. YTD data can help in visualizing payroll information, short-term financial trends, and performance metrics.
Example: The S&P 500 is already down significantly YTD.

RSVP

Stands for… Répondez s’il vous plait (English: Please reply/respond)
Meaning: Okay, this verb is actually borrowed from French, but it’s very well known among English speakers. To RSVP is to respond to an invitation and either confirm your intention to attend the event or indicate that you cannot make it.
Example: Please RSVP so that arrangements can be made.

MoM

Stands for… Minutes of meeting
Meaning: Similar to a transcript, meeting minutes are notes taken to document the events of a meeting and describe what took place. These notes include the names of each participant, a recap of the topics discussed, and conclusions/decisions made as a result of the conversation.
Example: Kindly forward the MoM to all concerned parties.