Here's a breakdown:
* Speed: A scalar quantity (only magnitude, no direction). It tells you how fast an object is moving. Example: 50 miles per hour.
* Velocity: A vector quantity (magnitude and direction). It tells you both how fast and in what direction an object is moving. Example: 50 miles per hour east.
So, to answer your question directly, the term "speed" represents how fast an object is moving without considering its direction.