Arrons third post, this time color terminology, you may have seen some of these terms used in some of your graphic applications so now you can learn alittle bit more about what they mean, feel free to contribute a color term in the comments to add to this post.
Gamut is the range of available color on an output device. Each device has its own gamut capabilities. If the gamut fall out of that particular devices range, it is shown inaccurately on the display or cannot be printed. We then say a color is “out of gamut”.
The basis of a color and usually refers to the name of the color (red, purple, yellow, etc.)
Saturation is the color intensity of an image. A color with high saturation will appear brighter and more vibrant than the same color with low saturation. Colors in gray scale images have no saturation.
The lightness or darkness of a gray or a color. The darkest level or value of gray is black and the lightest level of gray is white.
A variation of a color obtained by adding white
A variation of a color obtained by adding black.
I know there are many more terms when it comes to color, but I like to keep these short. If you have more please add them in your comments.