Prescaler
A prescaler is an electronic counting circuit used to reduce a high frequency electrical signal to a lower frequency by integer division. The prescaler takes the basic timer clock frequency (which may be the CPU clock frequency or may be some higher or lower frequency) and divides it by some value before feeding it to the timer, according to how the prescaler register(s) are configured. The prescaler values that may be configured might be limited to a few fixed values (powers of 2), or they may be any integer value from 1 to 2^P, where P is the number of prescaler bits.