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What does AC stand for?

AC stands for Application Context

This definition appears very frequently

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Other Resources:
We have 212 other meanings of AC in our Acronym Attic

Samples in periodicals archive:

This is where the heavy lifting of integration gets done, because this is where the application context is kept and where the best security and Web services infrastructure is available.
According to the NIST team, while it's relatively easy to put nanoparticles in a solution at a particular pH and to study the stability of the suspension over long times, it is difficult to tell what happens when the particles are suddenly exposed to a different level of acidity as often occurs in environmental and application contexts.
In other words, if you've got a FICO of 675, which in a traditional mortgage application context should qualify you for reasonably good terms, forget about a fast-track rate freeze.
Myth 4: Network devices can understand the application context To correctly protect web applications and web services, a full understanding of the application structure and logic must be acquired.