Excel AutoCorrect Feature - This is used to create shortcut for commonly used words or phrases. If you work for a company, then that company name can be created in Auto correct options as a abbreviation, and whenever you type that you get the full name in the cell.
You can create n number of custom entries like this and use in the worksheet and this also will be available in other office products in your system. like word etc., This is very useful feature to type few letters to bring the full name of the company.
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