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Definitions of 32-bit:

In Windows, this refers to the way memory is accessed. 32-bit application access memory in 32-bit "chunks" (4-bytes). Large portions of Window 95 and 98 and many new applications are 32-bit applications, and may run faster because it is more efficient to access chunks of memory.
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An adjective that describes hardware or software that manages data, program code, and program address information in 32-bit-wide words.
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A term used to describe a scanned file or preview image that consists of CMYK color information-256 possible tones for each of four color channels, or RGB information with an 8-bit mask.
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32-bit is also a term given to a generation of computers, during which time 32-bit processors were the norm.
en.wikipedia.org/wiki/32-bit