What a product feed means
The term covers the file and the channel at once. The file is a table: one row per item and one column per attribute, as tab-delimited text, as XML or as a spreadsheet. The channel is the data source registered in Merchant Center, which knows where to collect that file and how often to do it.
Attribute names are technical notation and are always written in English, including in accounts configured in another language. The ones required for an online product are id, title, description, link, image_link, price and availability, plus brand for nearly all new products. Among the optional ones, the heaviest are gtin, mpn, condition, color, size, gender and age_group.
Alongside the primary source there are supplemental data sources. They create no items and only add or overwrite columns on items that already exist, matched by id. They are the usual place for custom labels or for fixing titles without touching the store's export.