What is an

[scottish]

An IP? its internet protocol.

i.e. your IP Address is something like 79.29.193.19 or internal IP will be something like 192.168.2.1

[Fez]

So you mean like 'a new IP' ? That'd be a totally new franchise such as... Bungie saying ''We're thinking of bringing out a new IP'' and setting up Gears Of Tore

[mangle]

Cheers Apeel, just what I was looking for.
Any idea what it stands for?

[Neil]

It means intellectual property

[mangle]

Thankyou