Honestly, I've never heard either of those terms, but they make sense. I've always just heard the procedure referred to as "trace length matching". It's somewhat important on conventional SDRAM, but it's very important on higher speed DDR SDRAM along with controlled impedance (stripline or microstrip) design. There are some pretty lengthy documents describing what you need to do for DDR SDRAM (look up the SSTL layout guidelines from JEDEC).
You CAN also make resistors, capacitors, and inductors out of PCB features. You're generally limited to fairly small values and pretty broad tolerances, but it can be a useful trick especially in the GHz range as even conventional FR-4 PCBs can "behave" surprisingly well if you're careful with your design, and more oddball laminates can behave even better.