What is the meaning of "moderato" in musical terms?

The term "moderato" in music indicates a tempo that is moderate, which generally means a moderate speed that's neither too fast nor too slow. It allows for a comfortable pace that is often used in a variety of musical contexts, providing a balanced feel that is accessible for both performers and listeners. This term serves as a guideline for musicians to understand the intended speed of a piece.

In contrast, terms like "allegro" are used for faster tempos, while "largo" and "adagio" denote slower speeds. Therefore, "moderato" specifically conveys the essence of a balanced tempo, making it distinct from the extremes of speed in musical performance. This is why the correct choice accurately reflects the definition of the term.