There was a reference to installing LVP or LVT in a basement a previous QA. These seem to come up a fair bit on this site. However, I haven't seen them defined anywhere on here. Other places give circular/tautological definitions.
The tag wiki for laminate-floor says:
Laminate Flooring is a synthetic flooring product that is often used instead of more expensive natural floor products.
and goes on to quote Wikipedia; but the WP page does not mention LVP and LVT and there are no tags for LVP or LVT themselves. There is no tag wiki for vinyl-flooring.
As someone who has heard of laminates and vinyl and may even have some kind of laminate or vinyl flooring in his home but doesn't know much about either of them: what the heck are LVP and LVT and how do they differ from regular laminate?