FYI, this is from page 77 of Understanding Wood Finishes by Bob Flexner, 2005.
"As previously explained, linseed oil and tung oil cure slowly by absorbing oxygen. The curing can be speeded up significantly by cooking the oils first in an oxygen-free (inert-gas) environment at about 500 degrees Fahrenheit until they thicken. This, or an equivalent process, is what is done with at least two products that you may be familiar with: Southerland and Wells Polymerized Tung Oil and Tru Oil. Tru Oil is widely available as a gunstock finish. These products act more like varnish than linseed oil or tung oil.
"Cooking linseed oil and tung oil in an inert gas causes them to crosslink without going through the oxidation process. This changes the oils so that they complete their curing rapidly (faster than varnish) when exposed to oxygen, and it makes the oils cure hard and glossy. In contrast to normal linseed oil and tung oil, therefore, it's possible to build the oils to a thickness on the surface of the wood.
"These oils need a name. They are sometimes referred to as "heat-bodied," a vague term that simply means cooked and made thicker, usually in the presence of oxygen. Because the product that is sold to woodworkers is labeled "polymerized" oil, it makes more sense to call them polymerized oils. In this context, polymerize simply means crosslinking, and these oils have been partially crosslinked before you buy them, so the name makes sense. You have to be careful with the word "polymerize," however, It is often used by manufacturers as a marketing term to make you think you are buying something special when you aren't.
"There are two problems with using polymerized oil as a finish on large surfaces such as furniture. The oil cures fast, so getting it applied and the excess wiped off before it begins tacking up can be difficult; and you shouldn't apply the oil in thick layers like you do varnish, or tiny cracks may develop in the film. For small objects such as gunstocks, hoever, polymerized oil works superbly."