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What is a speedup?

What is a speedup? Here are some definitions.

Noun
  1. An amount or rate of decrease in time taken to do a certain amount of work.
  2. (computing) The relationship between time taken and number of processors used.
  3. (politics) an employer's demand for more output without more pay
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Examples
He writes:A natural hypothesis is that the slowdown was the flip side of the mid-1990s speedup.
All our tests showed a minimum speedup of 2 to 5, and up to 10 or 20, depending on simulations.
Here is the list of some shortcuts allowing to speedup the general process.
While throughput is of secondary importance for optimising speedup, it is important in many applications.
In order to measure the improvement of a new system over an existing system, the so-called speedup is calculated.
In the financial market, Numerix and CompatibL announced CUDA support for a new counterparty risk application and achieved an 18X speedup.

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