OK, let's say you have a 16-bit bus, a tolerance means that the length, in this case, of all 16 must be within the specified tolerance +/- 100 (:100) with no particular preference to any of the nets, called a "matched delay". As you found, a delta means that ONE of the nets is picked as a target, typically the longest unrouted but PCB Editor takes a "guess" at this and you can use right-click>Set as Target in CM if you want another target, you then get the delta and tolerance, delta could be 0, applied to the other 15 nets, with respect to the target, called a "relative delay". (See cmug.pdf, doc\cmug in the installation, page 56 for 16.6 for the description)