paramātmeti śabdyate

abhasah-the cosmic manifestation; ca-and; nirodhah-and its winding up; ca-also; yatah-from the source; asti-is; adhyavasiyate-become manifested; sah-He; asrayah-reservoir; param-the Supreme; brahma-Being; paramatma-the Supersoul; iti-thus; sabdyate-called.