jquery $(document).ready() - proper shortcut description?

jquery $(document).ready() - proper shortcut description?

Hello, the following jQuery function will get called as soon as the DOM becomes available:

$(document).ready(//myfunction)

The following syntax is a shortcut:

$(//myfunction)

However, (//myfunction) is just a standard javascript anonymous function aka IIFE (Immediately Invoked Function Expression). So is it technically correct to simply say that "$" is a shortcut for $(document).ready()?   If so, then what is the proper technical term for "$" in this scenario? Would this be described as a jQuery scoping variable, context variable or something else?