What the terminals on the furnace terminal board mean

This one is on the low voltage terminal board used to connect the furnace to the thermostat.
This video is part of the heating and cooling series of training videos made to accompany my websites: www.graycoolingman.com and www.grayfurnaceman.com to pass on what I have learned in many years of service and repair. If you have suggestions or comments they are welcome.
If you are a homeowner looking to repair your own appliance, understand that the voltages can be lethal, the fuels are highly flammable and high pressures are used. Know your limits.