The meaning of the Acronym PIT is...

PIT is

• Peanut Income Tax
• Penis Is Tiny

More Meanings For PIT:

• Compressed Macintosh file archive (PackIt)
• Programmable Interval Timer
• Point In Time copies
• Pre-Integration Testing
• Positive Information Topology
• Pennsylvania Institute of Technology
• Pepperdine Improv Troupe
• Peanut Income Tax
• Penis Is Tiny
• Pittsburgh Steelers
• Principal Interest And Taxes
• Pyramide Internet Technologies
• Personnel In Training
• Power Integrity And Tolerance
• Property Inventory Tasking

PIT is also in:

• Accounting
• File Extensions
• Firms
• Funnies
• General
• Hardware
• Mathematics
• NFL Teams
• Software
• Universities