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A finishing polish is often considered the last step in the polishing process. It is a very fine polish that has a low grade of cut but a high level of perfect finish. A finishing polish can remove oxidation, marring, very light swirls and some of the minor imperfections.
A medium polish is a polishing product with a certain level of cutting. It will not remove RDS or severe surface imperfections, but it will will remove swirls, oxidation and several others. It is the most common step after cutting/compounding and if followed up by a finishing polish.
Jeweling is popular term among those who want to achieve the last and final step of finishing polishing a car. Although it is not certain where the term came from, if done properly it does add depth to the paintwork.