...I take it all back. It is an acronym.
'An acronym is a label formed from the beginnings of words (Greek: acro [head] and nym [word]) -- or very rarely, from letters in the middle of words. There is no requirement that an acronym be pronounceable as a normal word (this is a curious myth perpetuated by American dictionaries): IBM is just as much an acronym as LASER.'
(,
Sun 12 Oct 2003, 22:06,
archived)
'An acronym is a label formed from the beginnings of words (Greek: acro [head] and nym [word]) -- or very rarely, from letters in the middle of words. There is no requirement that an acronym be pronounceable as a normal word (this is a curious myth perpetuated by American dictionaries): IBM is just as much an acronym as LASER.'