On Sat, 2011-04-02 at 01:42 -0400, Mohan Nayaka wrote:

...

...

Repos are generally servers with binary packages.

what on earth does this mean?

Fairly obvious - repos as in /etc/apt/sources.list (ignoring source archives, of course).

a repository is where one houses the code one writes - for example:

http://bitbucket.org , or github or googlecode or sourceforge.net or ...