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What is a terabyte?

What is a terabyte? Here are some definitions.

Noun
  1. One trillion (1012, or 1,000,000,000,000) bytes. SI symbol: TB.
  2. (computing) Imprecisely, a tebibyte or 10244 (1,099,511,627,776) bytes. SI symbol: TiB, computing symbol: TB.
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Examples
Mitchell stated that in the age of the terabyte, the paramount concern is no longer physical storage.
A terabyte is one trillion bytes of data, equivalent to 1,000 copies of the Encyclopedia Brittanica.
It's silly that a guy who consumes a terabyte of data a month gets the same service for the same price as someone who just wants to read email and surf the web.
Each of the electronic image files it produces can comprise more than two-thirds of a terabyte of information.
First, the good news: Every free account holder gets one terabyte of storage.
After analysis, they calculated that this requirement would eventually yield between a nine and 11 terabyte data warehouse.

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