What is "user visits" on the admin dashboard?

I think I am a little confused on how “User Visits” varies from “Logged In” pageviews.

My current understanding after reading a few different threads is:

User visits are unique logged in users that have been in the forum per the time period (today, yesterday, last 7 days, etc).
Logged In Pageviews are every pageview for those same logged in users.

So if a user was in the forum and viewed 10 different pages, their user visit would be 1 and logged in pageviews would be 10.

Please correct me if I am wrong.