Weather terms

Observation
A measurement taken by a weather station at a specific time.
Forecast estimate
A value from a forecast model for the current time, not a measurement.
Chance of precipitation
The probability that measurable precipitation falls during a period. 40% means rain in 4 out of 10 similar situations, not rain for 40% of the time.
Wind chill
How cold it feels on exposed skin when wind combines with low temperatures.
Heat index / Humidex
How hot it feels when humidity combines with high temperatures (heat index in the U.S., humidex in Canada).
Gust
A brief increase in wind speed, usually lasting seconds.
Sea-level pressure
Air pressure adjusted to sea level so stations at different heights can be compared.
UV index (clear-sky)
Expected UV strength if there were no clouds; actual UV is often lower.
Polar day / night
Days when the sun does not set, or does not rise, at high latitudes.