The process of moving a section of text from one place to another. First, you "cut it" (by highlighting the section of text you want to move and hitting Control-X or Command-X, on a Mac). Then you "paste it" where you want it (by positioning your cursor there and hitting Control-V or Command-V, on a Mac). While you are doing this, the cut portion is stored on your computer's "clipboard." In some versions, if you make more than one cut in succession without pasting, the clipboard will store them as well.
NetLingo Classification: Technical Terms