Hi Chilli'n:
You betcha.
Maxima is plural for maximum. Minima is plural for minimum.
Minimum and maximum are the points where a function achieves its smallest and greatest value, respectively.
On the function's graph, the minimum is the lowest point, and the maximum is the highest point.
Of course, a function may increase and decrease multiple times over the course of its domain. Each time the graph changes direction VERTICALLY, we end up with either a "peak" or a "valley".
If we focus on just one section of the number line (i.e., if we constrain the domain to a particular interval of x, then we're considering only ONE PART of the function's graph. The highest and lowest point(s) within this restricted domain are called the LOCAL maximum and minimum, respectively.
Please stand by ... dogs creating havoc downstairs ... be right back ...