The maximum aperture of a lens is often referred to as
the "speed" of a lens. An f/2 lens, for example, is said
to be "faster" than an f/4 lens since faster shutter
speeds are usually used at larger lens openings.
The aperture, in conjunction with the
shutter speed, functions to adjust the exposure by regulating the amount
of light allowed in to expose the film. The larger the maximum aperture
or the faster the lens speed, the more the light allowed in and the more
the possibility of shooting subjects without flash in dimmer conditions.
When the aperture is reduced by one f/stop, the amount of light let in
is halved. Using an aperture of f:1.4 as the standard, the following
reductions of light take place, and the shutter speed slow down.