Armor Rating
This signifies on how tough the armor is based upon its tier.
Protection
This signifies on how good the protection is against mobs and players based upon its tier.
Durability
This signifies on how much more the item can stand before it breaks.
Attack Damage
This is based upon how much damage is done per hit.
Attack Speed
This signifies on how fast you can hit.
Mining Power
This signifies on how tough the tool is and what it can mine per pickaxe tier.
Projectile Velocity
This is based upon how far your weapon can shoot a projectile.
Haleness
This is based upon health and grants extra hearts once equipped.