A “Template” is a premade module [?]
A module in Slider Revolution acts as a container for slides, which in turn act as containers for layers. Modules are created and edited with the module editor.
A "module" is a single, self contained piece of content. You can think of this as being similar to the way a post or page in regular WordPress is a self contained piece of content.
A module can represent any kind of content Slider Revolution is capable of creating, such as a slider, carousel, hero unit, navigation menu, posts display and so on.
Multiple modules can be combined to form rich content such as complete sites and landing pages.. It has pre-configured layers [?] Layers are containers for visual, audio or layout items and are added to slides. For example, text, button, image, audio, video, group and row are all types of layers.
Layers are added to slides via the module editor. already in place.
It is designed to be ready for use, either as is or after being modified in the module editor [?]
The "Module Editor", also known as the "Visual Editor", is an interface used to create & modify modules.
It's through this interface you can add various types of layers to your modules, as well as animation and special FX..
Slider Revolution comes with several templates you can use, or alternatively you can create your own templates, thereby allowing you to easily reuse modules you have produced.