The term 'm/s' stands for meters per second, which is the standard unit of measurement for velocity in the International System of Units (SI). This unit measures the rate at which an object changes its position, highlighting how far an object travels in meters during a time period of one second. In the context of reaction rates and rate laws, 'm/s' becomes crucial for understanding how fast reactants are converted to products in chemical reactions, allowing scientists to quantify and predict reaction behaviors.