From Craig Zacker's "Exam Ref MCSA 70-410: Installing and Configuring Windows Server 2012 R2" book*:
NOTE PRINTING NOMENCLATUREI'm not criticizing Craig here at all. I think Microsoft missed the boat with their word choice. Let's take a common usage and avoid it all costs!
“Printer” and “print device” are the most commonly misused terms in the Windows printing vocabulary. Obviously, many sources use “printer” to refer to the printing hardware. However, in Windows, printer and print device are not equivalent. For example, you can add a printer to a Windows Server 2012 computer without a physical print device being present. The computer can then host the printer, print server, and printer driver. These three components enable the computer to process the print jobs and store them in a print queue until the print device is available.
And on the topic of printers, I've seen it time and again when someone goes into "Devices and Printers" to make a change to their printer settings. Right-click and you get these options:
Naturally, everyone goes to the bottom of the list and selects "Properties" - only to be disappointed when they get this.
Cancel. Right-click and remember to click "Printer Properties". Ah, there is something useful.
* And, for those of you keeping score at home. I've started studying for my MCSA/MCSE.