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Zip
An open standard for compression and decompression used widely for PC download archives, ZIP was developed by Phil Katz for his DOS-based program PKZip, and it is is now widely used on Windows-based programs such as WinZip and Drag and Zip. The file extension given to ZIP files is .zip.

Zip Disk
An advanced version of the floppy disk, created by Iomega. These disks (typically 100MB or 250MB) enable you to store, share, and backup information from your computer using an Iomega Zip Drive.

Zip Or .Zip
A Windows-based compressed file. ZIP is the industry standard for data compression technology, in part because it can hold directory structures in addition to files.