Prescaler
A prescaler is an electronic counting circuit used to reduce a high frequency electrical signal to a lower frequency by integer division. The prescaler takes the basic timer clock frequency and divides it by some value before feeding it to the timer, according to how the prescaler register are configured. The prescaler values, referred to as prescales, that may be configured might be limited to a few fixed values, or they may be any integer value from 1 to 2^P, where P is the number of prescaler bits.
The purpose of the prescaler is to allow the timer to be clocked at the rate a user desires. For shorter timers, there will often be a tradeoff between resolution and range. For example, one cannot achieve 1 μs resolution and a 1 sec maximum period using a 16-bit timer. In this example using 1 μs resolution would limit the period to about 65ms maximum. However the prescaler allows tweaking the ratio between resolution and maximum period to achieve a desired effect.