Term - each of the numbers above (e.g. 1 ⁄ 4) are a term of a sequence.
If a sequence is algebraic, each position can be denoted by a subscript, e.g. a1, a2, a3, .... ak.
Series - The result of all the terms of a sequence added together.
Summation - The process of adding all the terms together (indicated by ∑).
Limits - the first and last terms.
So a1 + a2 + a3 + a4 + a5 can be written as k=5 ∑ k=1 ak or 5 ∑ k=1 ak or even more simpler 5 ∑ 1 ak.
If you're finding the summation, it can be written as ∑ k ak or even just ∑ak.
Infinite Sequences - have an infinite number of terms.
Infinite Series - the summation of the infinite sequence.