Originally Posted by After Shock Media

By the way Mr Semantics.

Editing:

To modify or adapt so as to make suitable or acceptable: edited her remarks for presentation to a younger audience.
To assemble the components of (a film or soundtrack, for example), as by cutting and splicing.
To eliminate; delete: edited the best scene out.

capture:
To acquire text, images, audio and video in their original format. Once captured in the computer, the data are typically edited and converted into another format.

Cutting:
The editing of film or recording tape.

Which of those does not fit taking a video from one format to another and change bit rates or quality percentages?