It means 75-80% of MHR.
I have something to add about how high intensity burns more cals from fat and cals. in general. I couldn't find the original article but this site pretty much sums it up.
http://www.health-care-information....low-intensity-training-isn-t-the-best-fo.html
Here's part of it that shows what I'm talking about.
"Low-intensity training burns about 50% fat for energy while high-intensity training burns about 40% fat for energy. This is not a huge difference.
Say, for example, walking for 20 minutes burns 100 calories. Then 50% of 100 calories is 50 fat-calories burned.
Now say 10 minutes of interval training at a high intensity burns 160 calories. Well, 40% of 160 calories is 64 fat-calories burned.
By doing the high-intensity work, you’ve just burned 14 more fat calories in half the time. Starting to sound good? There’s more... "