It is the socket half of a pin-and-socket connector pair, meaning it receives the mating pin terminal.
Plating grade and what it buys you
For a harness that gets field-serviced, this plating grade is the difference between a contact that still wipes clean after fifty insertions and one that starts showing intermittent resistance.
Crimp termination is the standard for Multimate VI contacts — no soldering, no insulation displacement. The 20-24 AWG range covers the common signal and low-power wire sizes used in control cabinets, panel wiring, and internal equipment harnesses. The stamped brass body gives consistent crimp barrel dimensions, so the tooling die selection is straightforward once you confirm the wire insulation diameter fits the contact barrel.