There are several good references on team meetings. Teams may choose to create a glossary of terms document to store definitions of terms. Definitions help create a commonly understood and shared language. Team members may have a difficult time communicating when their mental models differ because of language. In addition, working through definitions of terms as a team, may reduce future conflict because of language differences.
Deliverables are the products produced by the team.
The deliverables should be clear and understood by team members. A schedule chart describing who is responsible for each deliverable and when it is due is very important. Products such as Microsoft's Project are designed to create these schedule charts. Teams should take time out for periodic assessment towards their goals. There are several instruments for assessing team performance.