HiFi vs MidFi


I’m a relative noob to the audiophile scene, having just invested in an integrated amp and upscale (for me) speakers.  From time to time, I hear the term “MidFi” for some components.  Is there an objective or just largely accepted definition for this term?  I’d be curious to hear feedback on what constitutes HiFi vs. MidFi across various components.  
bigtex22
Yes his girl come looking for soda water and ice later. She know where it at.
Amazing the system you can assemble today with all the affordable choices. Imo, audiophiles never had it so good. There is something for every budget, and the budget components are darn good.
My message keep getting erase. All I say is hifi is hifi. You like fidelity better than normal, it hifi. No need to make all label about low-if mid-fi- than what 3/4 hifi? People constant labeling everyone. When I go to gym and turn all head because I built and can bench and squat and do push jerk power snatch I don’t say other person less, I better, etc. we all do the best we can do. That what I mean about word I can’t use on site because someone get offended like little kid no need to label and make dumb and not good enough fidelity dream.