According to the dictionary definition, AC is defined as alternating current not voltage.
So if you want to be pedantic about the dictionary definition, it's always incorrect to use the term "VAC" or "Volts Alternating Current". Current is measured in amps, not volts. What you see displayed on a typical oscilloscope screen is a voltage, not a current, and if it's alternating, then it should be called alternating voltage. Furthermore, multimeters should not use "AC" and "DC" to denote settings that are designed to measure voltages.
A mains outlet may be providing current flow in only one direction, even while it's providing voltage that alternates. Would that be called AC or DC? A battery may be providing a steady voltage, but the current may alternate. Is that AC or DC? Or do you need to introduce terms like "AV/DV" for alternating voltage and direct voltage?
This is a rathole from which there is no escape, I'm afraid. The pedants lost when we started to use the term AC to refer to voltage.
My point is that the terms "AC" and "DC" don't always mean what the dictionary says. In practice, they usually refer to voltages, not currents, though sometimes voltages and currents both alternate. And the term "AC" often refers to voltages which are not constant, but which have a periodic waveform, sometimes regardless of whether that waveform crosses the zero line.
I agree wholeheartedly with C4757p: If you have a waveform that is not obviously either DC or AC, describe it instead of arguing about terminology.