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acronym

An Acronym is a word formed by using one or more letters of the words in a phrase‏‎. It’s used as an abbreviation of that phrase, e.g. USA, TEFL, NATO.

A Backronym is when we take an existing word and invent a phrase around those letters. It is, if you like, formed in the opposite way to an acronym, e.g.TEFAL = Teaching English For A Laugh.

For more, see Acronyms‏‎ & Backronyms in English.