Re: What's the difference between
Kind of. Think of how you would run wires to the electrical panel. If you have a bunch of wires going to the various switches and meters you would not want to run the wiring direct from the switches to the various devices. You would use a terminal strip to run each wire in the wiring harness to, then from the terminal strip run another wire to the electrical panel. This keeps the wiring neat, lets you work on the devices easily, and you don't have to worry about a wiring harness wire going all the way to the device and breaking off when you were working on it.
On the other hand, if you have a bunch of wires going to a common connection you use a buss bar. This would typically be the connections from the battery to the electrical panel. It can be the ground buss, or even the 12v buss. Think of the circuit breaker box in you house. The power comes in, goes through a main breaker (the big one), then inside the box there is a buss bar (w actually) that the individual circuit breakers snap onto. This is the power distribution buss in the box.
If you go to your local home depot and look at one you will see the 2 busses for the power distribution (240v), and a buss bar for connecting the grounds and neutrals.
Does that help?