Fully cocked means that the hammer is all the way back and under tension. ready to be released by the sear.
Not all guns have a "half-cocked" setting, but that's where the hammer is partially pulled back, but the sear will not be activated by the pulling the trigger. It's kind of a "safe mode." It goes all the way back to flintlocks. The lock would resemble the head of a bird especially when the hammer was back.
Pointing a pistol at somebody has never meant "cocked." Nor does a slide being racked mean "cocked."





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