What does ZIP stand for? It’s a great name because “ZIP” means speed. But it’s also an acronym for Zone Improvement Plan.An acronym is the name for a pronounceable word made from the first letter or letters of each word in a series of words.Examples of acronyms you might recognize — but never realized were acronyms — are:SONAR — created from SOund Navigation And RangingNASA — National Aeronautics and Space AdministrationIKEA — Ingvar Kamprad Elmtaryd Agunnaryd (the furniture store founderIngvarKamprad grew up on a farm called Elmtaryd in his hometown of Agunnaryd and combined them all to form IKEA)SCUBA — Self-Contained Underwater Breathing Apparatus.