On the consumer level, DTS is the oft-used shorthand for the DTS Coherent Acoustics codec, transportable through S/PDIF and used on DVDs, CDDAs, LDs and in wave files. This system is the consumer version of the DTS standard, using a similar codec without needing separate DTS CD-ROM media.
There are significant technical differences between commercial/theatrical and home variants: the former being a traditional ADPCM derived compression system called APTX-100, and the latter a sophisticated hybrid perceptual and signal-redundancy compressor.