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TermWhat we mean by that?
MetricA Measurement of a particular characteristic.
Ex: %ge of CPU used, Amount of Bandwidth used, etc. Complete definition can be found here
EventA record of something that has happened - A simple immutable fact.
Example: Link has gone down. A packet from a flow is dropped, etc. Complete definition can be found here 
AgentSoftware that runs on a node/system that needs to be monitored.
Client NodeA node that is monitored (Node on which agent runs)
Server NodeA node that collects metrics and events from the client node.
Sampling IntervalHow frequently the metrics are sent.
Push ModeFetching of events by subscribing
Poll ModeFetching of events via polling.
Writing of Metrics/eventssending/outputting of metrics or events.
Reading of Metrics/eventsreceiving/reading of measrements
Logging of Metrics/eventsLogging of monitored/received metric or event
Metric Types (data source types)

Guage: Value stored as-is
Derive: Derivative - Change of the value (rate)
Counter: Similar to Derive - but it is NEVER negative (due to wrap-around)
Absolute: 

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