RTM means Release to Manufacturing. It is the original, released build version of the product, i.e. what you get on the DVD or when you download the iso file from MSDN.
A Hotfix is designed to fix a single issue, usually after a case has been escalated through Microsoft CSS to the SQL Server Product Team.
Cumulative Update is a cumulative package of hotfixes (usually 20-40) that also includes all previous cumulative updates for that Service Pack. Cumulative Updates are not fully regression tested. Cumulative Updates are released every eight weeks.
Service Pack is a much larger collection of hotfixes that have been fully regression tested. Service Packs are typically released every 12-18 months.
A Hotfix is designed to fix a single issue, usually after a case has been escalated through Microsoft CSS to the SQL Server Product Team.
Cumulative Update is a cumulative package of hotfixes (usually 20-40) that also includes all previous cumulative updates for that Service Pack. Cumulative Updates are not fully regression tested. Cumulative Updates are released every eight weeks.
Service Pack is a much larger collection of hotfixes that have been fully regression tested. Service Packs are typically released every 12-18 months.