Maybe it is appropriate (CCL)I am loath to shorten o/u (perhaps, except for this) because it 'forever' ties the two essential words together. I suppose I have to draw the line at substituting "Cloud Cuckoo Land" for Universe.
Anyway, I think attempts to define things artificially limit the concept which is of course the objective. Maybe I can illustrate this
In defining the 'Observable Universe' we forget that any OU is user-specific. The OB of you is different to that of someone nearby and very different perhaps of an observer a few light years away. It could be argued that someone a few years away is not a current situation but that might not always be. Therefore we end up with an OB variability over time as well as space.
The definition further suffers when we realise there are an infinite number of possible OBs and by using OBs as an ultimate we extend the concept to infinity as an attempt to limit consideration/discussion. Maybe it does not work. Maybe
Do you find 'Cosmos' useful?