There are more than one use for the expression init in Python.
If you see a file named init.py in a directory, it means that directory should be treated as a package (collections of variable, function and class definitions). This can be an empty file, or it can contain initialisation code for the package.
The more likely case you'll encounter it is inside a class, where init() initialises an instance of a class. You will see it defined like this
class MyClass:
def init(self,a,b,c,d):
#SOME CODE
What this means is that if you create an instance of a class: MyInstance = MyClass(a,b,c,d), this will run the init function, which will contain initialisation code. This defines what you do with your variables a,b,c,d. Note: self refers to the instance of the class being instantiated, and is implicit (you shouldn't include it when calling MyClass).
Some basic initialisation code could be:
self.a = a
self.b = b
etc.