As several have pointed out, it is volts times amps, usually just written as VA and pronounced "volt-amp". Or in the case of purely reactive, VAR for volt-amp-reactive.I am in the USA so my House Voltage is 120 Volts.
So when I take my VoltMeter to my Wall Outlet and it Reads 120 Volts this is the RMS Voltage.
Now if I Plug a Fan in this is an Inductor and will have some Loss of Energy.
This Loss is Reactive and is V/A witch is a Wattless Watt.
No, a fan is a partly inductive load. VAR is not loss of energy. It is energy that is supplied during part of the cycle, and returned during another part of the cycle. It is Watts aka real power that is the "loss" of energy, although I'd prefer to call it consumed energy as it does actual work moving air.
Apparent Power or VA is the whole enchilada. Watts and VAR are mathematically lifting out what part of the power is not returned (in the case of Watts aka real power) and what part is returned without being consumed (VAR or reactive power).