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WordReference Random House Unabridged Dictionary of American English © 2017
MP3,1 
  1. Computingthe file extension for MPEG Audio Layer-3, a set of standards for compressing and downloading audio files from the Internet. Cf.  MPEG 
  • 1990–95


Collins Concise English Dictionary © HarperCollins Publishers::

MP3 abbreviation for
  1. MPEG-1 Audio Layer-3: tradename for software created by the Motion Picture Experts Group that enables files to be compressed quickly to 10% or less of their original size for storage on disk or hard drive or esp for transfer across the internet
  2. an audio or video file created in this way



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