They are also known as Ready-to-drink ( RTD ) , Flavored Alcoholic Beverage ( FAB ) or Flavored Malt Beverage ( FMB ) . Other terms include FAB ( flavored alcoholic beverage ) , FMB ( flavored malt beverage ) , PPS ( pre-packaged spirit or premium packaged spirits ) , and RTD ( Ready To Drink - Aus & NZ ) .