Jenton provided this useful insight into Eve-talk in the forum, with Gandur adding some mining specific abbreviations.

AB
Afterburner
AF
Assualt Frigate
Apoc
Apocalypse
AR
Armor Repair
Ark
Arkonor (also known as the HOLY GRAIL of ores)
Arty
Artillery, type of projectile gun
Ares
Tech 2 Shuttle
BC
Battle Cruiser
BCU
Ballistic Control Unit
Bis
Bistot
BP
Blue Print
BPC
Blueprint Copy
BPO
Blue Print Original, worth fortunes
BS
Battleship
Cap
Capacitor
Carebear
Anyone who fits WCS
Carebear
Player who doesnt pvp
CR
Capacitor Recharger
CR
Cruiser
CPR
Capacitor Power Relay
CPU
Central Processing Unit, Co-processor
Crok
Crokite
DC
Damage Control
DO
Dark Ochre
DPS
Damage Per Second
ECM
Electronic Counter Measure
ECCM
Electronic Counter Counter Measure
EW
Electronic Warfare
Frig
Frigate
Geddon
Armmageddon
Grid
Power Grid
HAC
Heavy assualt ships (heavy assualt "cruisers" like cerberus)
Hauler
Industrial ships (like badger or iterons)
Hardner
Module that increases resistance for shield or armor
Harvies
Harvester Mining Drones
Hed
Hedbergite
Indy
An industrial ship
Intie
Interceptors
MAPC
Micro Auxilary Power Core
Mega
Megathron
Mod
Module
MWD
Micro Warp Drive
Neut
Capacitor Neutralizer
Nos
Nosferatu, a module that will drain the target ships power
Optimal
Your optimal range
PDU
Power Diagnostic System
Plag
Plagioclase
Plate
Armor increasing item like a 1600mm armor plate
Phoon
Typhoon
Pod
To blow up someone's capsule
POS
Player Owned Station
PvP
Player vs Player
Pyr
Pyroxeres
QFT
Quoted For Truth
Rat
NPCs that will attack anyone. Threat level depends on Security Status of the system
RCU
Reactor Control Unit
RoF
Rate of Fire
SB
Shield Booster / Sensor Booster / Smartbomb
SBA
Shield Boost Amplifier
Scord
Scordite
SP
Skill Points
SPR
Shield Power Relay
Strips
Strip miners / exotic dancers from "damsel in distress" mission
Tackle
To warp scramble and/or Web Stasify
T2
Technology Level Two (Tech 2)
Veld
Veldspar
WCS
Warp Core Stabalizer
Web
Stasis Webifier