A simple cut in the timeline means that you leave a gap in the time line. When you cut, the other clips in the timeline stay spaced out.
A ripple edit is when you choose a clip and delete it and that automaticaly moves the other clips over. You do this by picking a clip and deleting it then it moves the other clips. When you ripple delete, the other clips to the right of the deleted clip move over and take its place.
Lifting and extracting are two ways to cut a clip where you want it at one time. To do this, you set in point and out pointto the clip you want.
Lifting is like , while extracting is like taking out parts you dont want, in terms of what happens to the other clips in the timeline.
This is an example of an deleting edit. I decided to move these clips after extracting so it woul fit toghether.