Speed
Speed is a measure of the ability of a character or creature or object or machine, to move across the terrain.
Speed is the (mostly-horizontal) potential movement rate of an entity, measured in 'world units' or 'game units'. A common movement grid is one square being five (5) real-world feet, and this often represented as 1 inch square on the game board, if one is in use.
In some game presentations (particularly those optimized for playing with miniature models of characters and creatures without reference to a game board or grid), the move, swim, and fly speeds for various denizens of Fairyland might be listed in terms of their length or space. For example, a dragon's speed listed as length can move a distance on the game board equal to the physical length of the miniature model representing it. Other examples of potential values might be 'length / 2', 'length x 2', 'length x 3' etc.
For another example, a human character might have it's speed listed as space x 6, meaning it can move horizontally roughly six times as far as it takes up on the board (it's own breadth or that of it's base).