From LQWiki
Arg is an abbreviation for ‘argument’ (to a function), used so often as to have become a new word (like ‘piano’ from ‘pianoforte’). “The sine function takes 1 arg, but the arc-tangent function can take either 1 or 2 args.”
See Also
This article is based, in whole or in part, on entry or entries in the Jargon File.

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