Interesting.
Did that apply back when we were recording our favourite LP tracks on to cassette? I don't remember anyone using that term back then, but perhaps I've forgotten.
I don't recall anyone using that term at the time either. I made a lot of compilations on cassette tape as a hobby. That led to doing a bit of work for Music from the Hearts of Space, transferring from LP to reel to reel tape, then transferring from tape to digital tape, a Sony 501 converter that transferred digital data to Beta tape. Not high fidelity but neither was the signal later uploaded to satellite and downloaded to your local radio station at a low data rate. Of course, New Age music was intended to be played back at a very low volume, so as long as there were no jolting sounds, everything was copacetic.
A long time later, when I had a little side hustle transferring disc to digital formats, I called the business "Needledrops". A decade of needledrops convinced me that LP simply was not high enough in fidelity or consistency for me. 15 minutes into an LP or an LP with an inch or less of deadwax meant audible IGD and there was nothing I could do to fix it.
A lot of the early Columbia LPs were reissues of 78s.