Subversion (SVN) is an open source version control system that allows developers to maintain backups of source code, automate deployment, keep copies of every version of code, and prevent developers from overwriting each other's work. It facilitates source code development by multiple software developers. The document then defines key vocabulary terms related to SVN such as commit, checkout, update, working copy, revision, and others. It also discusses how to integrate SVN with bug tracking systems.