As far as object names go, the thinking on this has gone through an evolution with the introduction of new programming languages.
If you take the "curly brace" languages, for instance, starting with C, brevity was considered the soul of wit. So, you would have a variable to hold a loan value named "lv", for instance. The idea was that you were typing a lot of code, so keep the keystrokes to a minimum.
Then along came the Microsoft-sanctioned "Hungarian notation", where the first letters of a variable name were meant to indicate its underlying type. One might use "fLV", or some such, to indicate that the loan value was represented by a float variable.
With Java, and then C#, the paradigm has become one of clarity. A good name for a loan value variable would be "loanValue". I believe part of the reason for this is the command-completion feature in most modern editors. Since its not necessary to type an entire name anymore, you might as well use as many characters as is needed to be descriptive.
This is a good trend. Code needs to be intelligible. Comments are often added as an afterthought, if at all. They are also not updated as code is updated, so they become out of date. Descriptive, well-chosen, variable names are the first, best and easiest way to let others know what you were coding about.
I had a computer science professor who said "As engineers, we are constantly creating types of things that never existed before. The names that we give them will stick, so we should be careful to name things meaningfully."