It's generally used to specify the differences. European cars vary slightly from Japanese cars, which vary slightly from US cars. Porsche, like GM I guess, has two versions. US and ROW (Rest of world).
It's not a real term, just a method of identification of specific parts and/or differences.
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-Dave
Track cars: 2013 Scion FRS, 1998 Acura Integra Type-R, 1993 Honda Civic Hatchback
DD: 2005 Acura TSX
Tow: 2022 F-450
Toys: 2001 Chevrolet Corvette Z06, 1993 Toyota MR2 Turbo, 1994 Toyota MR2 Turbo, 1991 Mitsubishi Galant VR-4
Parts: 2015 Subaru BRZ Limited, 2005 Acura TSX
Projects: 2013 Subaru BRZ Limited track car build
FS: 2004 GMC Sierra 2500 LT CCSB 8.1/Allison with 99k miles
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