LRU (Least Recently Used) cache is a data structure that stores a limited number of items, prioritizing recently accessed items for fast access.
Caching involves temporarily storing frequently accessed data to reduce access time.
Cache Eviction is the process of removing items from the cache to free up space when it's full.
Cache Hit occurs when requested data is found in the cache, leading to fast retrieval; Cache Miss happens when the data is not present, necessitating retrieval from slower primary storage.