A transition happens any time one clip finishes and another begins. The most common transition is a cut, where the next clip simply begins. The most common special effect transition is a cross-dissolve for video, or a crossfade for audio.
What you learned: Add a transition effect
Browse the Video Transitions category in the Effects panel.
Apply a video transition effect by dragging it from the Effects panel onto the edit point between two clips in a sequence.
Adjust the timing or duration of a transition effect in the Timeline panel by dragging it to a new position relative to the edit point between the two clips, or by dragging the ends of the effect, in the same way that you might trim a clip.
Access settings for a transition effect in the Effect Controls panel by first selecting the effect in the Timeline panel.
You can remove a transition effect by selecting it and pressing Delete.
You can replace an existing transition effect by dragging a different transition effect onto it. The replacement transition effect will have the duration and timing of the effect it replaces.