REST is the acronym for REpresentational State Transfer, and is a term coined by Roy Fielding [1] in a dissertation attempting to describe formally the Web architectural style.

The argument is that the HTTP methods (GET, POST, etc.) define a limited set of verbs that can be applied to an (in principle) infinite number of nouns (URIs).

This design has some beneficial effects:

[1] Roy Fielding's Ph.D. dissertation "Architectural Styles and the Design of Network-based Software Architectures"