Many have asked about what some of the terms in AW Stats mean. For example "hit," "unique," "visit" and the like.
Check out this Glossary of terms which should answer any questions you may have regarding terminology.
If anyone needs "Laymanizing" of any of the terms found there, feel free to leave your comments below.
Also, please let us know if the above link is broken since AW Stats will likely change their site from time to time, the link may not work. At the time of this writing, this link is active.