I don't like the abbreviation "pwd" at all, mainly because it looks too much like "password" which is also often abbreviated to "pwd". I prefer "cwd" which would unambiguously mean the Current Working Directory.
Thinking more about that though, "cd" in the shell universally means "change (the current working) directory" but can also possibly mean the "current directory" as well (and DOS/Windows "cd" without arguments does print the current working directory). Note that similar abbreviations like "md" and "rd" are not as universal, as they are "mkdir" and "rmdir" in *nixes (for the good reason).
Thinking more about that though, "cd" in the shell universally means "change (the current working) directory" but can also possibly mean the "current directory" as well (and DOS/Windows "cd" without arguments does print the current working directory). Note that similar abbreviations like "md" and "rd" are not as universal, as they are "mkdir" and "rmdir" in *nixes (for the good reason).