Everyday I read somewhere a question regarding collets or tapers with regards to lathes or mills. It even spills over into chucks sometimes. Does anyone have a good document that covers all these questions? Below are listed a few of the terms that I have came across. If there is not a single document then perhaps the members can help to create one answer to many of the questions that are asked about collets and tapers and chucks.
MT4 spindle
MT4 collet chuck
ER collets are a good choice but don't instantly dismiss C5 collets
ER11, ER16, ER32, ER40 etc
Emergency collets
pot chucks
collet chuck
a draw bar
R8
5C
MT3
I appreciate all answers, even the technical ones as to why it has that name or how it came to be developed as that is all part of learning.
Cheers 
Don
I think you may be going about this the hard way.
What kind of lathe and/or mill do you have? That is where you should start.(I guarantee you'll think up many times more questions than the few you asked here. And they will be more in line with what you really need to know. The peripheral knowledge will come as you research what tools you'll need for the machines you own.
That said, I'll give the definitions a shot. (Disclaimer: Those here more experienced than me, which is probably everyone, can make whatever corrections that are warranted.)
MT0, MT1, MT2, MT3, MT4, MT5, MT6, MT7 are designations for the male/female tapers of a spindle, bore ,or whatever is supposed to go in them.
ERxx is a system of collets that seat into your spindle or a special chuck, and they hold the metal you are going to work on.
A Pot chuck basically does what a collet or conventional chuck does as far as holding what you are going to work on. Specifically thin work pieces. (And they are usually machined to fit the specific work pieces).
Emergency collets are "soft"(not hardened) collets that can be easily machined to the size of the work piece/s.
A collet chuck is for holding collets.
Like the MTx series 5C and R8 are work and tool holding standards.
A draw bar is basically a bolt that is used to secure(draw) a collet into a spindle.
And a spindle is the motor driven cylinder/rod that serves as the axis for other parts and work pieces that need to rotate.
Darren Harris
Staten Island, New York.