Translation memory is a tool to help translators recycle previous translations to improve speed and consistency. A translation memory tool is built around a database of translated terms. Each time the translator translates a segment, the tool "remembers" it; then if the translator comes across a similar sentence, the tool will suggest it to the translator.

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Advantages and Disadvantages of Translation Memory: A Cost/Benefit Analysis
Masters' thesis by Lynn E. Webb, San Francisco State University, 1992.
Machine translation vs. translation memory
Following is a brief overview of the two technologies and an assessment of their usefulness in multilingual web-support systems.
Metrics for Evaluating Translation Memory Software, thesis by Francie Gow
Different approaches to automatic search and retrieval in translation memory (TM) tools and a methodology for comparative evaluation, with a practical application comparing TRADOS and MultiTrans.
Translation Memory from O to R
Article by Michael Benis from 1999. Introduces translation memory, and briefly discusses some CAT tools.
What Is XLIFF and Why Should I Use It?
Description of XLIFF (XML Localization Interchange File Format) and its role in the localization process. By Peter Reynolds and Tony Jewtushenko, members of the XLIFF Committee at OASIS.
What You Need To Know About Translation Memories
An article by Andres Heuberger about common work with translation memories.
XML in localisation: Reuse translations with TM and TMX
Article that explains the importance of translation memories and how the localisation industry uses them, highlighting the relevance of the TMX format for transferring translation data between different TM implementations.
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