Formal:
* Acronym: This is the most common and widely understood term, particularly if the initials form a new word.
* Initialism: This term is used when the initials are pronounced individually rather than as a word.
Informal:
* Letter name: This is a simple and descriptive option.
* Initials name: This is another straightforward option, especially if you want to emphasize the initial letter aspect.
* Nickname: This can be appropriate if the initial name is used informally and affectionately.
Example:
* NASA is an acronym for "National Aeronautics and Space Administration."
* FBI is an initialism for "Federal Bureau of Investigation."
* J.K. Rowling is a letter name often used informally.
* C.S. Lewis is an initials name frequently used in scholarly contexts.
Ultimately, the best term will depend on the specific situation and the tone you want to convey.