An initialism is an abbreviation which consists of the initial components of a phrase or word, and which is mainly pronounced by spelling the initialism aloud.

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Can a word that sounds the same as the way it is spelt be an initialism and an acronym?

Initialisms are pronounced as words and acronyms are spelt letters. However, some words sound the same, said and spelt. e.g. Input Output can be abbreviated as IO. It can be spelt I-O or pronounced ...
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Is there a term for words that are sounded out initialisms?

The words "okay" and "emcee" seem to both be somewhat widely accepted (at least, I can find both in several dictionaries). But it seems to be agreed that these are simply sounded-out spellings of the ...
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Proper Apostrophe Usage with Initialisms: CCS' or CCS's?

I work with a company whose name is frequently reduced to an initialism (acronym). Let's say the name is "Cool Computer Systems" (CCS). I am engaged in an ongoing, bloody battle with the marketing ...