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Glossary of Terms:

1080i
1080p
16:9
720p
Bitrate
Clip Bin
Codec
DTV
DV
HD
Interlace (i)
NTSC
PAL
Progressive (p)
Rights Managed
Royalty Free
SD
Shot Reel
Show Reel
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Bitrate

Bitrate is a term frequently used to describe the quantity (size) that one second of video or audio consumes in bits (not bytes). Another term used to describe file size is data rate. Data rate describes the same quantity, but typically uses bytes as a measurement.