As described in the book Modern Robotics by Frank C. Park the velocity of a reference frame can be described as :
$$V_s = J_s(\theta)\dot{\theta}$$ $$V_b = J_b(\theta)\dot{\theta}$$
However in the definition of the spatial velocities $V_s$ and $V_b$ we have that:
$$ V_s = [\omega_s, v_s]^T \in \mathcal{R}^6$$ $$ V_b = [\omega_b, v_b]^T \in \mathcal{R}^6$$
I get the idea that $\omega_s$ and $\omega_b$ are the angular velocities as seen from each reference frame, however I quite dont get what does $v_s$ and $v_b$ are making reference to.