I was looking through some Objective C docs.. and got this :
UIGraphicsBeginImageContext : Creates a bitmap-based graphics context and makes it the current context.
Also, the same term is used in Robotlegs :
(http://www.adobe.com/devnet/actionscript/articles/intro-robotlegs-pt1.html) Context: Context is the bootstrapping mechanism that initializes dependency injection and the various core utilities that Robotlegs uses.
Dictionary meaning of context as i googled, doesnot seem to match the way it's used in programming :
con·text /ˈkäntekst/ Noun The circumstances that form the setting for an event, statement, or idea, and in terms of which it can be fully understood and assessed.
The parts of something written or spoken that immediately precede and follow a word or passage and clarify its meaning.
Anybody can throw some light pls!