A translation memory is a database that stores sentences, paragraphs or segments of text that have been translated before.
Each entry, or segment, in the translation memory includes the original language, known as the "source" and its translation, known as the "target". (...)
Translation memories (commonly known as a "TM") are used with translation software, such asTrados Studio, and automatically suggests stored identical or similar matches as new documents are translated. This means sentences, paragraphs or segments of text that have been previously translated never need to be translated again.
Translation memories (...) [improove dramatically] the quality, speed, consistency and efficiency of every translation job.