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XLR
Trademarked name for circular 3-pin connectors developed by Cannon (now owned by ITT). "XLR" was originally nothing more than Cannon's part designation for the connector. In fact, you'll also sometimes see these connectors referred to as "Cannon" connectors. XLR has since evolved into a generic industry term, and many manufacturers now make this style connector. In audio work, XLR connectors are normally used for transmitting balanced mic and line level signals.

Pin 1 of an XLR connector is always ground/shield. The connectors are designed so that pin 1 makes its connection first when inserted in a jack; this ensures that the ground connection is made first, helping prevent pops and thumps in the audio chain.

Either pin 2 or pin 3 may be hot (determined by the gear the connector is plugged into), with the remaining pin being cold. To maintain correct polarity in a signal path, it is important to be aware of which pin is hot or cold on all connections, and wire your cables accordingly.

XY Stereo
A stereo miking technique that employs two cardioid microphones angled 90 degrees from each other, but positioned at the same point (or as near as their physical size will allow). Theoretically, the two microphone capsules need to be at exactly the same point to avoid any phase problems due to the distance between the capsules. As this is not possible, the best approximation to placing two microphones at the same point is to put one microphone on top of the other with the diaphragms vertically aligned. In this way, sound sources in the horizontal plane will be picked up as if the two microphones are placed at the same point.

The stereo image is produced by the off-axis attenuation of the cardioid microphones. While A-B stereo is a difference-in-time-stereo, the XY stereo is a difference-in-level stereo. But as the off-axis attenuation of a typical cardioid microphone is only around 6dB at 90 degrees, the channel separation is limited, and wide stereo images are not possible with this recording method. Therefore, XY stereo is often used where high mono-compatibility is needed - for example, in broadcasting situations where many listeners still receive the audio on mono equipment. Since the sound-sources are mainly picked up off-axis when using the XY stereo setup, high demands are placed on the off-axis response of the microphones used.