Below are a few definitions taken from DVDRHelp.com

WMV
Windows Media file with Audio and/or Video (WMV). The .wmv file format is similar to the .asf file format.

ASF
Advanced Streaming Format (ASF): This file format stores audio and video information, and it is specially designed to run on networks like the Internet. This file format is a highly flexible and compressed format that contains streaming audio, video, slide shows, and synchronized events. When you use .asf files, content is delivered to you as a continuous flow of data. You no longer have to wait for your audio and video files to fully download before you start to view them. When an Audio Video Interleave (.avi) file is compressed and converted to an .asf file, the file begins playing after only a few seconds. The file can be unlimited in length and can run over Internet bandwidths.

MOV
QuickTime Content (.mov, .qt) - a file format developed by Apple Computer to create, edit, publish, and view multimedia files. QuickTime supports video, animation, graphics, 3D and virtual reality (VR).

AVI
Audio Video Interleaved - A multimedia file format for storing sound and moving pictures in RIFF format developed by Microsoft. An AVI file can use different codecs and formats so there is no set format for an AVI file unlike for example standard VCD video which sets a standard for resolution, bitrates, and codecs used.

MPEG or MPG
An ISO/IEC (International Organization for Standardization/ International Electrotechnical Commission) standard for medium quality and medium bitrate video and audio compression. It allows video to be compressed by the ratios in the range of 50:1 to 100:1, depending on image sequence type and desired quality. The encoded data rate is targeted at 1.5Mb/s - this was a reasonable transfer rate of a double-speed CD-ROM player (including audio and video). VHS-quality playback is expected from this level of compression. The Motion Picture Expert Group (MPEG) also established the MPEG-2 standard for high-quality video playback at a higher data rates.