The term 'Accepted Standard' can be broken down into three parts: NORM (4 letters), PAR (3 letters), and CANON (5 letters). NORM is short for normality, which refers to the state of being normal or conforming to a standard. PAR stands for parity, which is the quality of being equal or equivalent. Lastly, CANON is a term used to describe an established set of principles or accepted rules. Together, these three words form the phrase 'Accepted Standard, ' which is a set of rules or principles that are widely accepted and followed.