diff --git a/Advanced Usage.md b/Advanced Usage.md
index 822ef78..3fddf5a 100644
--- a/Advanced Usage.md	
+++ b/Advanced Usage.md	
@@ -37,14 +37,14 @@ import Router from 'svelte-spa-router'
 
 It accepts a single `options` argument that is an object with the following properties:
 
-- `options.route`: Svelte component to use, statically-included in the bundle. This is a Svelte component, such as `route: Foo`, with that previously imported with `import Foo from './Foo.svelte'`.
-- `options.asyncRoute`: Used to dynamically-import route. This must be a function definition that returns a dynamically-imported component, such as: `asyncRoute: () => import('./Foo.svelte')`
-- `options.loadingRoute`: Used together with `asyncRoute`, this is a Svelte component, that must be part of the bundle, which is displayed while `asyncRoute` is being downloaded. If this is empty, then the router will not display any component while the request is in progress.
-- `options.loadingParams`: When using a `loadingRoute`, this is an optional dictionary that will be passed to the component as the `params` prop.
+- `options.component`: Svelte component to use, statically-included in the bundle. This is a Svelte component, such as `component: Foo`, with that previously imported with `import Foo from './Foo.svelte'`.
+- `options.asyncComponent`: Used to dynamically-import components. This must be a function definition that returns a dynamically-imported component, such as: `asyncComponent: () => import('./Foo.svelte')`
+- `options.loadingComponent`: Used together with `asyncComponent`, this is a Svelte component, that must be part of the bundle, which is displayed while `asyncComponent` is being downloaded. If this is empty, then the router will not display any component while the request is in progress.
+- `options.loadingParams`: When using a `loadingComponent`, this is an optional dictionary that will be passed to the component as the `params` prop.
 - `options.userData`: Optional dictionary that will be passed to events such as `routeLoading`, `routeLoaded`, `conditionsFailed`.
 - `options.conditions`: Array of route pre-condition functions to add, which will be executed in order.
 
-One and only one of `options.route` or `options.asyncRoute` must be set; all other properties are optional.
+One and only one of `options.component` or `options.asyncComponent` must be set; all other properties are optional.
 
 You use the `wrap` method in your route definition, such as:
 
@@ -54,7 +54,7 @@ import Books from './Books.svelte'
 // Using a dictionary to define the route object
 const routes = {
     '/books': wrap({
-        route: Books,
+        component: Books,
         userData: {foo: 'bar'}
     })
 }
@@ -62,7 +62,7 @@ const routes = {
 // Using a map
 const routes = new Map()
 routes.set('/books', wrap({
-    route: Books,
+    component: Books,
     userData: {foo: 'bar'}
 }))
 ```
@@ -71,19 +71,19 @@ routes.set('/books', wrap({
 
 As mentioned in the main readme, starting with version 3 the `wrap` method is used with dynamically-imported components. This allows (when the bundler supports that, such as with Rollup or Webpack) code-splitting too, so code for less-common routes can be downloaded on-demand from the server rather than shipped in the app's core bundle.
 
-This is done by setting the `options.asyncRoute` property to a function that returns a dynamically-imported module. For example:
+This is done by setting the `options.asyncComponent` property to a function that returns a dynamically-imported module. For example:
 
 ```js
 const routes = {
     '/book/:id': wrap({
-        asyncRoute: () => import('./Book.svelte')
+        asyncComponent: () => import('./Book.svelte')
     })
 }
 ```
 
-Note that the value of `asyncRoute` must be a function definition, such as `() => import(…)`, and **not** `import(…)` (which is a function invocation). The latter would in fact request the module right away (albeit asynchronously), rather than on-demand when needed.
+Note that the value of `asyncComponent` must be a function definition, such as `() => import(…)`, and **not** `import(…)` (which is a function invocation). The latter would in fact request the module right away (albeit asynchronously), rather than on-demand when needed.
 
-By default, while a module is being downloaded, the router does not display any component. You can however define a component (which must be statically-included in the app's bundle) to be displayed while the router is downloading a module. This is done with the `options.loadingRoute` property. Additionally, with `options.loadingParams` you can define a JavaScript object/dictionary that is passed to the loading placeholder component as the `params` prop.
+By default, while a module is being downloaded, the router does not display any component. You can however define a component (which must be statically-included in the app's bundle) to be displayed while the router is downloading a module. This is done with the `options.loadingComponent` property. Additionally, with `options.loadingParams` you can define a JavaScript object/dictionary that is passed to the loading placeholder component as the `params` prop.
 
 For example, with a `Loading.svelte` component:
 
@@ -112,9 +112,9 @@ const routes = {
     // Wrapping the Book component
     '/book/*': wrap({
         // Dynamically import the Book component
-        asyncRoute: () => import('./Book.svelte'),
+        asyncComponent: () => import('./Book.svelte'),
         // Display the Loading component while the request for the Book component is pending
-        loadingRoute: Loading,
+        loadingComponent: Loading,
         // Value for `params` in the Loading component
         loadingParams: {
             message: 'secret',
@@ -138,12 +138,12 @@ import Books from './Books.svelte'
 const routes = {
     // Using a statically-included component and adding user data
     '/books': wrap({
-        route: Books,
+        component: Books,
         userData: {foo: 'bar'}
     }),
     // Same, but for dynamically-loaded components
     '/authors': wrap({
-        asyncRoute: () => import('./Authors.svelte'),
+        asyncComponent: () => import('./Authors.svelte'),
         userData: {hello: 'world'}
     })
 }
@@ -183,7 +183,7 @@ const routes = {
     // This route has a pre-condition function that lets people in only 50% of times, and a second pre-condition that is always true
     '/lucky': wrap({
         // The Svelte component used by the route
-        route: Lucky,
+        component: Lucky,
 
         // Custom data: any JavaScript object
         // This is optional and can be omitted
@@ -224,7 +224,7 @@ const routes = {
     // This route has an async function as pre-condition
     '/admin': wrap({
         // Use a dynamically-loaded component for this
-        asyncRoute: () => import('./Admin.svelte'),
+        asyncComponent: () => import('./Admin.svelte'),
         // Adding one pre-condition that's an async function
         conditions: [
             async (detail) => {
diff --git a/README.md b/README.md
index 174ce2c..29635d1 100644
--- a/README.md
+++ b/README.md
@@ -127,26 +127,26 @@ The `routes` prop is the dictionary defined above.
 
 That's it! You already have all that you need for a fully-functional routing experience.
 
-### Dynamically-imported routes and code-splitting
+### Dynamically-imported components and code-splitting
 
-Starting with version 3.0, svelte-spa-router supports dynamically-imported routes (via the `import()` method). The advantage of using dynamic imports is that, if your bundler supports that, you can enable code-splitting and reduce the size of the bundle you send to your users. This has been tested with bundlers including Rollup and Webpack.
+Starting with version 3.0, svelte-spa-router supports dynamically-imported components (via the `import()` construct). The advantage of using dynamic imports is that, if your bundler supports that, you can enable code-splitting and reduce the size of the bundle you send to your users. This has been tested with bundlers including Rollup and Webpack.
 
-To use dynamically-imported routes, you need to leverage the `wrap` method (the same one that enables support for [route pre-conditions](/Advanced%20Usage.md#route-pre-conditions)). First, import the `wrap` method:
+To use dynamically-imported components, you need to leverage the `wrap` method (which can be used for a variety of actions, as per the docs on [route wrapping](/Advanced%20Usage.md#route-wrapping)). First, import the `wrap` method:
 
 ```js
 import {wrap} from 'svelte-spa-router/wrap'
 ```
 
-Then, in your route definition, wrap your routes using the `wrap` method, passing a function that returns the dynamically-imported component to the `asyncRoute` property:
+Then, in your route definition, wrap your routes using the `wrap` method, passing a function that returns the dynamically-imported component to the `asyncComponent` property:
 
 ```js
 wrap({
-    asyncRoute: () => import('./Foo.svelte')
+    asyncComponent: () => import('./Foo.svelte')
 })
 ```
 
-> Note: the value of `asyncRoute` must be the **definition of a function** returning a dynamically-imported component, such as `asyncRoute: () => import('./Foo.svelte')`.  
-> Do **not** use `asyncRoute: import('./Foo.svelte')`, which is a function invocation instead.
+> Note: the value of `asyncComponent` must be the **definition of a function** returning a dynamically-imported component, such as `asyncComponent: () => import('./Foo.svelte')`.  
+> Do **not** use `asyncComponent: import('./Foo.svelte')`, which is a function invocation instead.
 
 For example, to make the Author and Book routes from the first example dynamically-imported, we'd update the code to:
 
@@ -163,12 +163,12 @@ const routes = {
 
     // Wrapping the Author component
     '/author/:first/:last?': wrap({
-        asyncRoute: () => import('./routes/Author.svelte')
+        asyncComponent: () => import('./routes/Author.svelte')
     }),
 
     // Wrapping the Book component
     '/book/*': wrap({
-        asyncRoute: () => import('./routes/Book.svelte')
+        asyncComponent: () => import('./routes/Book.svelte')
     }),
 
     // Catch-all route last
@@ -178,7 +178,7 @@ const routes = {
 
 The `wrap` method accepts an object with multiple properties and enables other features, including: setting a "loading" component that is shown while a dynamically-imported component is being requested, adding custom user data, adding pre-conditions (route guards), etc.
 
-You can learn more about all the features of `wrap` in the documentation for [Route wrapping](/Advanced%20Usage.md#route-wrapping).
+You can learn more about all the features of `wrap` in the documentation for [route wrapping](/Advanced%20Usage.md#route-wrapping).
 
 ### Navigating between pages
 
diff --git a/Router.svelte b/Router.svelte
index 5a18412..27184a2 100644
--- a/Router.svelte
+++ b/Router.svelte
@@ -4,20 +4,20 @@ import {tick} from 'svelte'
 import {wrap as _wrap} from './wrap'
 
 /**
- * Wraps a route to add route pre-conditions.
+ * Wraps a component to add route pre-conditions.
  * @deprecated Use `wrap` from `svelte-spa-router/wrap` instead. This function will be removed in a later version.
  * 
- * @param {SvelteComponent} route - Svelte component for the route
+ * @param {SvelteComponent} component - Svelte component for the route
  * @param {Object} [userData] - Optional object that will be passed to each `conditionsFailed` event
  * @param {...function(RouteDetail): boolean} conditions - Route pre-conditions to add, which will be executed in order
- * @returns {WrappedRoute} Wrapped route
+ * @returns {WrappedComponent} Wrapped component
  */
-export function wrap(route, userData, ...conditions) {
+export function wrap(component, userData, ...conditions) {
     // Use the new wrap method and show a deprecation warning
     // eslint-disable-next-line no-console
     console.warn('Method `wrap` from `svelte-spa-router` is deprecated and will be removed in a future version. Please use `svelte-spa-router/wrap` instead. See http://bit.ly/svelte-spa-router-upgrading')
     return _wrap({
-        route,
+        component,
         userData,
         conditions
     })
@@ -247,7 +247,7 @@ export let prefix = ''
 export let restoreScrollState = false
 
 /**
- * Optional props that are passed to each route in the component, expanded (with `{...props}`)
+ * Optional props that are passed to each component in the router, expanded (with `{...props}`)
  */
 export let props = {}
 
@@ -280,7 +280,7 @@ class RouteItem {
 
         // Check if the component is wrapped and we have conditions
         if (typeof component == 'object' && component._sveltesparouter === true) {
-            this.component = component.route
+            this.component = component.component
             this.conditions = component.conditions || []
             this.userData = component.userData
         }
@@ -345,7 +345,7 @@ class RouteItem {
     /**
      * Dictionary with route details passed to the pre-conditions functions, as well as the `routeLoading`, `routeLoaded` and `conditionsFailed` events
      * @typedef {Object} RouteDetail
-     * @property {string|Object} route - Route matched as defined in the route definition (could be a string or a reguar expression object)
+     * @property {string|RegExp} route - Route matched as defined in the route definition (could be a string or a reguar expression object)
      * @property {string} location - Location path
      * @property {string} querystring - Querystring from the hash
      * @property {Object} [userData] - Custom data passed by the user
diff --git a/UPGRADING.md b/UPGRADING.md
index 31d4a71..ac46d32 100644
--- a/UPGRADING.md
+++ b/UPGRADING.md
@@ -19,7 +19,7 @@ If your application was decoding URL parameters before, remove that invocation w
 
 ### New `wrap` method
 
-The `wrap` method exported by `svelte-spa-router` has been deprecated. Even though it remains available and functional (albeit showing a warning), it will be removed in a later version of the router.
+The `wrap` method exported by `svelte-spa-router` has been deprecated. Even though it remains available and functional (albeit showing a warning in the console), it will be removed in a later version of the router.
 
 Please use the new `wrap` method exported by `svelte-spa-router/wrap` instead. This method's signature accepts a single argument which is an object of properties. It adds support for many other features too, such as dynamically-imported routes.
 
@@ -34,7 +34,7 @@ To upgrade, maintaining the same functionality:
 import {wrap} from 'svelte-spa-router'
 
 const routes = {
-    // Method signature: wrap(route, userData, ...conditions)
+    // Method signature: wrap(component, userData, ...conditions)
     '/foo': wrap(
         // Component
         Foo,
@@ -59,7 +59,7 @@ const routes = {
     // Method signature: wrap(options)
     '/foo': wrap({
         // Component
-        route: Foo,
+        component: Foo,
         // Custom data
         customData: {foo: 'bar'},
         // Pre-condition function
diff --git a/examples/dynamic-imports/src/routes.js b/examples/dynamic-imports/src/routes.js
index 95a68fe..74b596b 100644
--- a/examples/dynamic-imports/src/routes.js
+++ b/examples/dynamic-imports/src/routes.js
@@ -18,10 +18,10 @@ export default {
     // This is dynamically imported, so the code is loaded on-demand from the server
     '/hello/:first/:last?': wrap({
         // Note that this is a function that returns the import
-        asyncRoute: () => import('./routes/Name.svelte'),
-        // Show the loading component while the route is being downloaded
-        loadingRoute: Loading,
-        // Pass values for the `params` prop of the loading route
+        asyncComponent: () => import('./routes/Name.svelte'),
+        // Show the loading component while the component is being downloaded
+        loadingComponent: Loading,
+        // Pass values for the `params` prop of the loading component
         loadingParams: {
             message: 'Loading the Name route…'
         }
@@ -34,17 +34,17 @@ export default {
         // Note that this is a function that returns the import
         // We're adding an artificial delay of 5 seconds so you can experience the loading even on localhost
         // Note that normally the modules loaded with `import()` are cached, so the delay exists only on the first request.
-        // In this case, we're adding a delay every time the route is loaded
-        asyncRoute: () => import('./routes/Wild.svelte')
+        // In this case, we're adding a delay every time the component is loaded
+        asyncComponent: () => import('./routes/Wild.svelte')
             .then((component) => {
                 return new Promise((resolve) => {
                     // Wait 5 seconds before returning
                     setTimeout(() => resolve(component), 5000)
                 })
             }),
-        // Show the loading component while the route is being downloaded
-        loadingRoute: Loading,
-        // Pass values for the `params` prop of the loading route
+        // Show the loading component while the component is being downloaded
+        loadingComponent: Loading,
+        // Pass values for the `params` prop of the loading component
         loadingParams: {
             message: 'Loading the Wild route…'
         }
diff --git a/test/app/src/routes.js b/test/app/src/routes.js
index c1488c9..9c6ce44 100644
--- a/test/app/src/routes.js
+++ b/test/app/src/routes.js
@@ -14,15 +14,15 @@ import Regex from './routes/Regex.svelte'
 import NotFound from './routes/NotFound.svelte'
 
 const wrappedLuckyRoute = wrap({
-    // Add an artificial delay so we can experience the route loading
-    asyncRoute: () => import('./routes/Lucky.svelte')
+    // Add an artificial delay so we can experience the component loading
+    asyncComponent: () => import('./routes/Lucky.svelte')
         .then((res) => {
             return new Promise((resolve) => {
                 setTimeout(() => resolve(res), 2000)
             })
         }),
     // Component to show while the module is being downloaded
-    loadingRoute: Loading,
+    loadingComponent: Loading,
     // Props for the loading component
     loadingParams: {message: 'secret'},
     // Set some user data
@@ -87,7 +87,7 @@ if (!urlParams.has('routemap')) {
         '/wild': Wild,
         // Special route that has custom data that will be passed to the `routeLoaded` event
         '/wild/data': wrap({
-            route: Wild,
+            component: Wild,
             userData: {hello: 'world'}
         }),
         '/wild/*': Wild,
@@ -99,10 +99,10 @@ if (!urlParams.has('routemap')) {
         // This component contains a nested router
         // Note that we must match both '/nested' and '/nested/*' for the nested router to work (or look below at doing this with a Map and a regular expression)
         '/nested': wrap({
-            asyncRoute: () => import('./routes/Nested.svelte')
+            asyncComponent: () => import('./routes/Nested.svelte')
         }),
         '/nested/*': wrap({
-            asyncRoute: () => import('./routes/Nested.svelte')
+            asyncComponent: () => import('./routes/Nested.svelte')
         }),
 
         // Catch-all, must be last
@@ -125,7 +125,7 @@ else {
     routes.set('/wild', Wild)
     // Special route that has custom data that will be passed to the `routeLoaded` event
     routes.set('/wild/data', wrap({
-        route: Wild,
+        component: Wild,
         userData: {hello: 'world'}
     }))
     routes.set('/wild/*', Wild)
@@ -141,7 +141,7 @@ else {
     // This component contains a nested router
     // Thanks to being able to define routes via regular expressions, this allows us to use a single line rather than 2 ('/nested' and '/nested/*')
     routes.set(/^\/nested(\/(.*))?/, wrap({
-        asyncRoute: () => import('./routes/Nested.svelte')
+        asyncComponent: () => import('./routes/Nested.svelte')
     }))
 
     // Catch-all, must be last
diff --git a/wrap.js b/wrap.js
index d33fb84..e031ae4 100644
--- a/wrap.js
+++ b/wrap.js
@@ -1,51 +1,51 @@
 /**
- * @typedef {Object} WrappedRoute
+ * @typedef {Object} WrappedComponent
  */
 
 /**
  * @callback RoutePrecondition
  * @param {RouteDetail} detail - Route detail object
- * @returns {boolean} If the callback returns a false-y value, it's interpreted as the precondition failed, so it aborts loading the route (and won't process other pre-condition callbacks)
+ * @returns {boolean} If the callback returns a false-y value, it's interpreted as the precondition failed, so it aborts loading the component (and won't process other pre-condition callbacks)
  */
 
 /**
  * @typedef {Object} WrapOptions
- * @property {SvelteComponent} [route] - Svelte component to load (this is incompatible with `asyncRoute`)
- * @property {function(): Promise<SvelteComponent>} [asyncRoute] - Function that returns a Promise that fulfills with a Svelte component (e.g. `{asyncRoute: () => import('Foo.svelte')}`)
- * @property {SvelteComponent} [loadingRoute] - Svelte component to be displayed while the async route is loading; when unset or false-y, no route is shown while loading
- * @property {Object} [loadingParams] - Optional dictionary passed to the `loadingRoute` component as params (for an exported prop called `params`)
+ * @property {SvelteComponent} [component] - Svelte component to load (this is incompatible with `asyncComponent`)
+ * @property {function(): Promise<SvelteComponent>} [asyncComponent] - Function that returns a Promise that fulfills with a Svelte component (e.g. `{asyncComponent: () => import('Foo.svelte')}`)
+ * @property {SvelteComponent} [loadingComponent] - Svelte component to be displayed while the async route is loading (as a placeholder); when unset or false-y, no component is shown while component
+ * @property {Object} [loadingParams] - Optional dictionary passed to the `loadingComponent` component as params (for an exported prop called `params`)
  * @property {Object} [userData] - Optional object that will be passed to events such as `routeLoading`, `routeLoaded`, `conditionsFailed`
  * @property {RoutePrecondition[]|RoutePrecondition} [conditions] - Route pre-conditions to add, which will be executed in order
  */
 
 /**
- * Wraps a route to enable multiple capabilities:
- * 1. Using dynamically-imported routes, with (e.g. `{asyncRoute: () => import('Foo.svelte')}`), which also allows bundlers to enable code-splitting.
+ * Wraps a component to enable multiple capabilities:
+ * 1. Using dynamically-imported component, with (e.g. `{asyncComponent: () => import('Foo.svelte')}`), which also allows bundlers to do code-splitting.
  * 2. Adding route pre-conditions (e.g. `{conditions: [...]}`)
  * 3. Adding custom userData, which is passed to route events (e.g. route loaded events) or to route pre-conditions (e.g. `{userData: {foo: 'bar}}`)
  * 
  * @param {WrapOptions} args - Arguments object
- * @returns {WrappedRoute} Wrapped route
+ * @returns {WrappedComponent} Wrapped component
  */
 export function wrap(args) {
     if (!args) {
         throw Error('Parameter args is required')
     }
 
-    // We need to have one and only one of route and asyncRoute
+    // We need to have one and only one of component and asyncComponent
     // This does a "XNOR"
-    if (!args.route == !args.asyncRoute) {
-        throw Error('One and only one of route and asyncRoute is required')
+    if (!args.component == !args.asyncComponent) {
+        throw Error('One and only one of component and asyncComponent is required')
     }
 
-    // If the route is not async, wrap it into a function returning a Promise
-    if (args.route) {
-        args.asyncRoute = () => Promise.resolve(args.route)
+    // If the component is not async, wrap it into a function returning a Promise
+    if (args.component) {
+        args.asyncComponent = () => Promise.resolve(args.component)
     }
 
-    // Parameter asyncRoute and each item of conditions must be functions
-    if (typeof args.asyncRoute != 'function') {
-        throw Error('Parameter asyncRoute must be a function')
+    // Parameter asyncComponent and each item of conditions must be functions
+    if (typeof args.asyncComponent != 'function') {
+        throw Error('Parameter asyncComponent must be a function')
     }
     if (args.conditions) {
         // Ensure it's an array
@@ -59,16 +59,16 @@ export function wrap(args) {
         }
     }
 
-    // Check if we have a loading route
-    if (args.loadingRoute) {
-        args.asyncRoute.loading = args.loadingRoute
-        args.asyncRoute.loadingParams = args.loadingParams || undefined
+    // Check if we have a placeholder component
+    if (args.loadingComponent) {
+        args.asyncComponent.loading = args.loadingComponent
+        args.asyncComponent.loadingParams = args.loadingParams || undefined
     }
 
     // Returns an object that contains all the functions to execute too
     // The _sveltesparouter flag is to confirm the object was created by this router
     const obj = {
-        route: args.asyncRoute,
+        component: args.asyncComponent,
         userData: args.userData,
         conditions: (args.conditions && args.conditions.length) ? args.conditions : undefined,
         _sveltesparouter: true