The shank is the part of a ring that rests underneath the finger and meets the main part of the design on top. Shanks come in a variety of shapes and sizes and are important factors in how rings sit on the finger.
A setting is any open element on a piece of jewelry into which a gemstone will be set. Settings styles include prongs, bezels, channels, or any other method of holding a gem in place. Definitions on Specific Types of Settings Prong Setting Bezel Setting
A satin finish is fine, brushed-look type of texture applied to the surface of jewelry. This is a matte finish, but with a more refined look showing just a hint of shine.