Yahoo had a good answer from Paul...........
db is decibels, and it's a standard unit of measure for electronic signals or sound pressure level.
For sound pressure level, db is an absolute unit of measurement. That is, if you have a certain amount of deciblels of sound pressure level, it's a certain volume (0 db is the threshold of hearing for a healthy youth, 60 db is an average conversation 1 foot away, 125 db is a jackhammer,etc. - see the following link:
http://www.coolmath.com/decibels1.htm).
For electronic signals and for differences in db of sound pressure level, db is a relative unit. Since it's based on a logarithmic scale, it works out that an increase in sound pressure level of 3 db equals a doubling of the sound pressure level, while an increase of 10 db results in 10 times the sound pressure level, and +20 db results in 100 times the sound pressure level.
For electronic signals that are based on a db scale (dbmW - decibels related to one milliwatt, or dbmV - decibels related to one millivolt, for example), the same relationship in signal increase versus db increase applies. 0 dbmV is 1 millivolt, +3 dbmV is 2 millivolts, +10 dbmV is 10 millivolts, etc.
Basically, what that control is telling you is that you can increase or decrease the signal going to the selected speaker by plus or minus 12 db, as necessary to balance out your speaker outputs (depending on where the speakers are placed, if you have more or less efficient surround speakers, or where you are sitting in the room when listening to the system).