PDF is an acronym for Portable Document Format.
From Wikipedia: Portable Document Format (PDF) is a file format used to represent documents in a manner independent of application software, hardware, and operating systems. Each PDF file encapsulates a complete description of a fixed-layout flat document, including the text, fonts, graphics, and other information needed to display it.
PDF was standardized as an open format, ISO 32000, in 2008, and no longer requires any royalties for its implementation. PDF was original developed by Adobe Systems.
Today, PDF files may contain a variety of content besides flat text and graphics including logical structuring elements, interactive elements such as annotations and form-fields, layers, rich media (including video content) and three dimensional objects using U3D or PRC, and various other data formats. The PDF specification also provides for encryption and digital signatures, file attachments and metadata to enable workflows requiring these features.