A "window" is a common programming term for a range between two values.
An "offset" is a common term for where a value falls after a starting point.
In simpler decimal and equidistant terms, the idea is to split a range of values in windows, divide each window in N values, and store an FP number by storing which window and which index inside the window (0 to N) it falls.
The FP scheme actually uses powers of 2 instead of equal distant windows (so the granularity becomes coarser as the numbers become bigger) but the principle is the same.