Here are examples of common acronyms: The word "radar" is an acronym for "Radio Detection and Ranging". The name of the large computer company IBM comes from the words "International Business Machines". The name of the part of the United States government that sends rockets into outer space is NASA, from the words "National Aeronautics and Space Administration". When people using the Internet think that something is very funny, they sometimes write "LOL" to mean "Laughing Out Loud". People sometimes write "ASAP" for "As Soon As Possible".