What does `elt` mean in Rust or in programming

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#1

I have seen elt being used as a parameter/variable name in Rust in some places.

For example repeat in std::iter - Rust and a quick search on Rust repository Search · elt · GitHub.

I understand it's just a placeholder name. But does it have any meaning?

#2

I guess it's shorthand for element.

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#3

I reached the same conclusion.

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