What Does MPEG 4 Part 14 (MP4) Mean?

MP4 is a multimedia/audio format developed by the ISO in the early years of the 21st century that expands on the previous MP3 format.

Techopedia Explains MPEG 4 Part 14 (MP4)

In the 1990s, the MP3 format was the cutting-edge standard for digital audio files, and many small digital devices were developed to play these audio files, which could typically be extracted from physical compact discs.