X axis = abscissa
Y axis = ordinate
The abscissa of a point is the signed measure of its projection on the primary axis, whose absolute value is the distance between the projection and the origin of the axis, and whose sign is given by the location on the projection relative to the origin (before: negative; after: positive).
The ordinate of a point is the signed measure of its projection on the secondary axis, whose absolute value is the distance between the projection and the origin of the axis, and whose sign is given by the location on the projection relative to the origin (before: negative; after: positive).
Usually these are the horizontal and vertical coordinates of a point in a two-dimensional rectangular Cartesian coordinate system. The terms can also refer to the horizontal and vertical axes respectively (typically x-axis and y-axis) of a two-dimensional graph. An ordered pair consists of two terms--the abscissa (horizontal, usually x) and the ordinate (vertical, usually y)--which define the location of a point in two-dimensional rectangular space.
Though the word "abscissa" (Latin; "linea abscissa", "a line cut off") has been used at least since De Practica Geometrie published in 1220 by Fibonacci (Leonardo of Pisa), its use in its modern sense may be due to Venetian mathematician Stefano degli Angeli in his work Miscellaneum Hyperbolicum, et Parabolicum of 1659.
Gleichwohl ist durch [Stefano degli Angeli] vermuthlich ein Wort in den mathematischen Sprachschatz eingeführt worden, welches gerade in der analytischen Geometrie sich als zukunftsreich bewährt hat. [...] Wir kennen keine ältere Benutzung des Wortes Abscisse in lateinischen Originalschriften. Vielleicht kommt das Wort in Uebersetzungen der Apollonischen Kegelschnitte vor, wo Buch I Satz 20 von die Rede ist, wofür es kaum ein entsprechenderes lateinisches Wort als abscissa geben möchte.
At the same time it was presumably by [Stefano degli Angeli] that a word was introduced into the mathematical vocabulary for which especially in analytic geometry the future proved to have much in store. [...] We know of no earlier use of the word abscissa in Latin original texts. Maybe the word appears in translations of the Apollonian conics, where [in] Book I, Chapter 20 there is mention of , for which there would hardly be a more appropriate Latin word than abscissa.
In a somewhat obsolete variant usage, the abscissa of a point may also refer to any number that describes the point's location along some path, e.g. the parameter of a parametric equation. Used in this way, the abscissa can be thought of as a coordinate-geometry analog to the independent variable in a mathematical model or experiment (with any ordinates filling a role analogous to dependent variables).