Abbreviated Coded Rendition Of Name Yielding Meaning.
Alphabetic Collocation Reducing Or Numbing Your Memory
A Contrived Reduction Of Nomenclature Yielding Mnemonics
A Completely Random Order Never Yields Meaning
Abbreviation By Cropping Names That Yield Meaning
Alphanumeric Code for Remembering Odd Names You Make up
Abbreviated Code Rarely Or Never Yielding Meaning
A Crazy Reminder Of Names You Misplaced
A Concise Recollection of Nomenclature Yielding Mnemonics
Alphabetically Coded Reminder of Names You Misremember ...more

Initial letters are commonly used to form an acronym !!

Alphabetic Collocation Reducing Or Numbing Your Memory

Initial letters are commonly used to form an acronym

One word when shortened and accepted widely is called Abbreviation (Abbr)
When two or more words are shortened it becomes an Acronym (QNA)
Its humorous to acronym an acronym otherwise it has no usage .

Acro means sharp, high onym means name I dont think the word acronym itself is an acromym !

An acronym (pronounced AK-ruh-nihm, from Greek acro- in the sense of extreme or tip and onyma or name)

Acronymsis abbreviation that are formed using the initial components in a phrase or name. These components may be individual letters (as in CEO) or parts of words (as in Benelux or Delmarva). There is no universal agreement on the precise definition of the various terms, nor on written usage. While popular in recent English, such abbreviations have historical use in English as well as other languages. As a type of word formation process, acronyms and initialisms are viewed as a subtype of blending.