Quick Overview
Please note that there are different common names for this artifact.

A data truncation artifact may occur when the interface between high and low signal intensities is encountered in one imaging plane. The 2D-FT techniques transform the MR signal to spatial intensity image data with frequency and phase information encoding each axis in the plane of the scan. This artifact is found in both frequency and phase axes. Artifactual ripples adjacent to edges in an image or sharp features in a spectrum, caused by omission of higher frequency terms in Fourier transformation, particularly with the use of zero filling to replace unsampled higher frequencies.
Complex shapes are specified by series of sine and cosine waves of various frequencies, phase and amplitude. Some shapes are more difficult to encode than others. The most difficult shapes to represent with Fourier series of terms are waveforms with instantaneous transitions, tissue discontinuities or edges. The low-frequency components of the series describe the overall shape of the step function. Higher frequency components are needed to describe the corners if the step function more accurately. If not enough samples are taken, these areas cannot be accurately represented. The truncation of the infinite data series results in a ringing artifact because of the inability to accurately approximate this tissue discontinuity with a shorter truncated data set. Therefore, the ringing that occurs at all tissue boundaries on MR is called truncation artifact.

This problem can be easily resolved by taking more samples - a higher acquisition matrix and/or a smaller FOV. See Gibbs Artifact and Gibbs Phenomenon.

Spoiled gradient echo sequences use a spoiler gradient on the slice select axis during the end module to destroy any remaining transverse magnetization after the readout gradient, which is the case for short repetition times.
As a result, only z-magnetization remains during a subsequent excitation. This types of sequences use semi-random changes in the phase of radio frequency pulses to produce a spatially independent phase shift.
Companies use different acronyms to describe certain techniques.

Different terms for these gradient echo pulse sequences:
CE-FFE-T1 Contrast Enhanced Fast Field Echo with T1 Weighting,
GFE Gradient Field Echo,
FLASH Fast Low Angle Shot,
PS Partial Saturation,
RF spoiled FAST RF Spoiled Fourier Acquired Steady State Technique,
RSSARGE Radio Frequency Spoiled Steady State Acquisition Rewound Gradient Echo
S-GRE Spoiled Gradient Echo,
SHORT Short Repetition Techniques,
SPGR Spoiled Gradient Recalled (spoiled GRASS),
STAGE T1W T1 weighted Small Tip Angle Gradient Echo,
T1-FAST T1 weighted Fourier Acquired Steady State Technique,
T1-FFE T1 weighted Fast Field Echo.
In this context, 'contrast enhanced' refers to the pulse sequence, it does not mean enhancement with a contrast agent.