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I've only heard the character referenced to as a pipe, in its specific CLI meaning on *nix and Windows as well as just the character.
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That's the point. On the CLI, that character "pipes" the output of one program into the input of another. It makes sense in that context to refer to it as a "pipe," but not in other contexts. If you want the full dope:
http://en.wikipedia.org/wiki/Vertical_bar