[1] Modems are frequently classified by the maximum amount of data they can send in a given unit of time, usually expressed in bits per second (symbol bit/s, sometimes abbreviated "bps") or rarely in bytes per second (symbol B/s). Modern broadband modem speeds are typically expressed in megabits per second (Mbit/s).
Historically, modems were often classified by their symbol rate, measured in baud. The baud unit denotes symbols per second, or the number of times per second the modem sends a new signal. For example, the ITU-T V.21 standard used audio frequency-shift keying with two possible frequencies, corresponding to two distinct symbols (or one bit per symbol), to carry 300 bits per second using 300 baud. By contrast, the original ITU-T V.22 standard, which could transmit and receive four distinct symbols (two bits per symbol), transmitted 1,200 bits by sending 600 symbols per second (600 baud) using phase-shift keying.
Many modems are variable-rate, permitting them to be used over a medium with less than ideal characteristics, such as a telephone line that is of poor quality or is too long. This capability is often adaptive so that a modem can discover the maximum practical transmission rate during the connect phase, or during operation.