Possible Duplicate:
Is there a word for an acronym which spells out one of its component words?
My coworker's wife is Margaret Elizabeth G... (I'll withhold the last name to protect the innocent).
The joke is that the shortened form Margaret is Meg and her initials are also MEG.
I hope this doesn't get closed as a stupid question but this situation feels like it might have a real name in the flavor of a palindrome (obviously not a palindrome, but in sense of a word or phrase having transmutable qualities).