Well being honest here the first few times someone used "hate" to refer to enmity I had no idea what they were talking about, took me a while to connect the dots.
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Don't know what part of "'Murica" you live in, but here in the northeast if you order Fish and Chips you get fries the same as Europe. I have honestly never seen a place that gives you chips when you order "Fish and Chips".
Even one of the biggest seafood chains in the Northeast (prior to filing bankruptcy) was called "Arthur Treacher's Fish and Chips" and there were only fries on their menu.
http://en.wikipedia.org/wiki/Arthur_Treacher's
So no in 'Murica its not necessarily a different thing.
In my book:
Loot is the items that come from a mob
Lot is the process of obtaining the mob (Lotting, Lot, free lot ect)
DD is a person who does dmg
DPS is how much damage that person does per second
Character: you in game character
Toon: Google loony toons
Then again people interchange the words in the genre. If you came to XIV from XI it will be characters, Lot, and DD.... if you came from WoW/Other mainstream mmo it will be toon, Loot, and dps.
I personally still find it is funny people say "looking for 3 damage per second and good to go" instead of "looking for 3 Damage Dealers and good to go". >.> Or when I tried wow at the start how I got very pissed when someone called my character a toon.
In XI it ment Damage Dealer. Anything that had a primary purpose of killing the mob was considered a DD.
In XI:
Spike Dmg: Large Damage Burst but not sustainable over time (Drk, Drg, Blm, Rng, Sam)... on a graph these players would cause large spikes in dmg sometimes 2-3times higher then the sustained dmg. Aka like a sustained dps of 100 but they can spike it to say 300-400 for 20 secs every 3-4mins.
DoT (Damage Over Time): Mnk, Duel Wield War, Pup... on a graph it would be almost flatline with constant dmg. Aka say a constant 150dps that varies little.
Yea when folks say lot they aren't trying to cleverly shorten the word loot. It's like everyone says it means to roll, or need, or greed or whatever on the actual loot, casting lots.
Welcome to Final Fantasy, we raise not rez, we lot on loot, DPS are DD, and toons are characters.