Directory permissions
l (lookup)
Allows one to list the contents of a directory. It does not allow the reading of files.
i (insert)
Allows one to create new files in a directory or copy new files to a directory.
d (delete)
Allows one to remove files and sub-directories from a directory.
a (administer)
Allows one to change a directory's ACL. The owner of a directory can always change the ACL of a directory that s/he owns, along with the ACLs of any subdirectories in that directory.
File permissions
r (read)
Allows one to read the contents of file in the directory.
w (write)
Allows one to modify the contents of files in a directory and use chmod on them.
k (lock)
Allows programs to lock files in a directory.