The letters of a real phrase had been then used to develop an acronym. In short, the phrase existed, and then the acronym was made in the letters within the word. Backronyms: en.wikipedia.org/wiki/BackronymIn my (US) English, I do not distinguish amongst "Chili Peppers undoubtedly are a band" and "Chili Peppers is actually a band" (I just go with w