Port is a generic term that can refer to port number (software related term), and computer hardware port. Here, questions referencing this tag refer to port numbers.
In computer networking a port is an application-specific or process-specific software construct serving as a communications endpoint in a computer's host operating system. A port is associated with an IP address of the host, as well as the type of protocol used for communication. The protocols that primarily use the ports are the Transport Layer protocols, such as the Transmission Control Protocol (TCP) and the User Datagram Protocol (UDP) of the Internet Protocol Suite. A port is identified for each address and protocol by a 16-bit number, commonly known as the port number. The port number completes the destination address for a communications session. Thus, different IP addresses or protocols may use the same port number for communication, e.g. on a given host or interface UDP and TCP may use the same port number, or on a host with two interfaces, both addresses are associated with a port having the same number.
A range of well-known ports is reserved by convention to identify specific service types on a host. In the client-server model of application architecture ports are used to provide a multiplexing service on each port number that network clients connect to for service initiation, after which communication is reestablished on other connection-specific port number.
Source: Wikipedia.