Brake Calipers: hydraulic (or mechanical) assembly onto which brake pads are mounted; when activated, stops wheel rotation by friction against a brake rotor (disc brakes) or wheel rim (traditional brakes)
Brake Rotor: disc brake braking surface
Cockpit: refers to stem and handlebars; if referencing a time trial bike, this is the stem, basebar and bar extensions
Headset: bearing assembly that allows the fork and connected stem to pivot
Stem: connects handlebars to bike
Handlebars: human/bike contact point, used for steering a bike
Saddle: the area where you sit when on a bike
Seatpost: mounting point for bicycle saddle, inserts into seat tube
Shifters/Brake Lever: controls the front and rear derailleurs, as well as the brakes
Bottom Bracket: consists of bearings and spindle onto which the crankset is mounted
Cassette: the cluster of cogs—"bike gears"—mounted to the rear hub
Chainring: the toothy rings that mount to the crank arms; common tooth configurations are 50/34 ("compact"), 52/36 ("mid-compact") and 53/39 ("standard")
Crankset: comprised of crank arms, spider and chainrings; crank arm lengths are usually 165mm to 180mm
Front Derailleur: moves the bicycle chain across the chainrings
Rear Derailleur: moves the chain across the cassette
Chain: transfers the energy generated through the crankset to the rear wheel, moving you forward
Hub:bicycle wheel mounting point that consists of a shell, bearings, axle, skewer and cassette carrier (on rear hub); mounting point for disc brake rotors (if applicable)
Skewer: rod that runs through the center of the axle with a nut on one side and a quick release lever on the other; used to snug the axle to the bicycle frame
Thru-Axle: axle that is completely removed from the hub—not just the skewer—to remove the wheel from the bike
Quick Release: lever at the end of a skewer that attaches the axle to the bike
Rims: surface onto which bike tires are mounted and serve as braking surface for traditional brakes
Clincher Rim: uses a standard tube and tire setup; most common wheel type
Tubeless Rim: a clincher rim, which can also be used with a tubeless tire system
Tubular Rim: traditional wheel/tire system; tires are glued onto this type of rim
Brake Rotor: braking surface for disc brakes, mounted to wheel hubs
Disc Wheel: bicycle wheel made of solid construction carbon fiber, Kevlar, epoxy and other high tech materials, or may be a traditional spoked wheel with aerodynamic fairing permanently mounted at hub and rim
Presta Valve: long, skinny "European" valve found; Presta valve lengths can vary from 33mm to 80mm
Schrader Valve: valve type also used for automobiles
Tubeless Tire: tires with an open casing, similar to clincher tires, but use no inner tube; liquid sealant provides an airtight lock to a tubeless ready rim or clincher rim that has been converted to a tubeless rim