Calvinists have long had 5 points (spelling TULIP) to explain the basic doctrines of Reformed thinking (many of the terms of which are quite misleading):
Perseverance of the saints
Discoshaman has posted the five points of Arminianism, DAISY:
Of course this only works for 5-point Arminians (i.e. those who deny all five points of Calvinism, which most Arminians I know wouldn't do, and many more combinations of some of the points but not others are at least consistent than most people have thought).