Is there a word for the definition of an acronym?

Solution 1:

The spelled-out form of an acronym or initialism (that is, "what it stands for") is called its expansion.

http://en.wikipedia.org/wiki/Acronym_and_initialism

Solution 2:

I think you might have answered your own question: definition is probably the best word, though expansion could also work (because an acronym is a type of abbreviation).