I found good explanation of the jargons used to answer any question you ask during interview to the company (Courtesy Job Interview (http://myitcareer.org/) )

Here are they

COMPETITIVE SALARY
We remain competitive by paying less than our competitors.

JOIN OUR FAST-PACED COMPANY
We have no time to train you.

Flexible Work Timing"
You can come early at the morning and leave quite late at night. We do not discourage working in weekend as well

MUST HAVE AN EYE FOR DETAIL
We have no quality control. But ensure that ZERO bug is reported from the modules you handle

SEEKING CANDIDATES WITH A WIDE VARIETY OF EXPERIENCE
Youll need it to replace three people who just left.

PROBLEM-SOLVING SKILLS A MUST
Youre walking into a company in perpetual chaos.

REQUIRES TEAM LEADERSHIP SKILLS
Youll have the responsibilities of a manager, without the pay or respect.

GOOD COMMUNICATION SKILLS
Management communicates, you listen, figure out what they want and do it.