Seconding 5 eleven. "Topped off". Another term I've heard is "piped", as in "Seven in the mag, one in the pipe".
The "condition" code is old school. (Jeff Cooper's school, to be precicise)
One, is "cocked and locked", that is a round in the chamber, and a full mag inserted with the hammer, or striker cocked. Basically a "ready to fire" condition, with the deactivation of minimal safes.
Two is a round in the chamber, a full magazine, and the striker, or hammer in a lowered position. Weapon will require either a pull of the trigger (if a double action firearm) or the cocking of the hammer to be fired.
Three is a clear chamber, a full magazine, and the hammer or striker in a lowered position. Weapon will require chambering a round in order to fire.