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IANAL
I Am Not A Lawyer Disclaimer used to express that the common-sense and well-founded advice may or may not get you into trouble, so check with a lawyer before relying on it. Remember that free advice is worth exactly what you paid for it.
IIRC
Geek-speek for "i think" :)
IP
Communication Protocol (method) used across the internet, usually in conjuction with TCP.
IPAddr
All machines that want to communicate using IP require a unique IP address for the data to be 'routed' to the correct place. IP Addresses are available in IPv4 (4 numbers separated by dots - also known as dot1q) and IPv6 (8 hexadecimal numbers separated by colons). An IP address is divided into a network part, which must be the same on any one network, and a host portion, which must differ.
ISP
Internet Service Provider Organisation that provides internet connectivity, email, web hosting etc

 

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