Gist: Average velocity taken over a shrinking interval. In the limit it becomes the derivative of position with respect to time.
Why it matters: This is where calculus enters kinematics. On a position-time graph it is the tangent slope at time , so its sign — , , — reads straight off the curve.
Detail: Lecture 2, p.2 and p.3
Related: Instantaneous speed, Instantaneous acceleration, Position-time graph, Physics