Glossary
What are stems?
Stems are the separate parts of a finished mix, kept as individual files — the voice on one, the drums on another, the bass on another. A stereo mix is those parts already blended together and no longer separable.
They matter because they are what lets someone else keep working. Handing an engineer a finished mix means they can only adjust the whole thing; handing them stems means they can turn the music down without touching the voice.