‘Offline' editing refers to the initial phase of the editing process where a lower resolution or compressed version of the original footage is used to assemble the edit.

The term 'Offline eyes' refers to the phenomenon when people become accustomed to the colour of the offline edit and are reluctant to see the footage differently.

'Online' editing is the final phase of the film editing process, following the 'offline' phase. In online editing, the high-resolution or original quality footage is used to finalise and polish the edit. Any visual effects, colour correction, and final touches are added at this stage.

On-prem is short for ‘on-premises’ and is used when talking about storage that is within the facility you are working from (as opposed to cloud storage).

A quick balance pass. Not much time spent on finesse. Often used for dailies grading.