That’s how Americans use the term, yes. It’s original meaning (still in partial use by the rest of the world) is shorthand for “liberalism”, which is a well def

That’s how Americans use the term, yes. It’s original meaning (still in partial use by the rest of the world) is shorthand for “liberalism”, which is a well defined political and economic philosophy that is actually somewhat conservative and center-right leaning in modern American political terms.