At the lowest level, the ability to respond to a power failure, for example.
A step up: during a system failure, the ability to use a backup system immediately.
Enhanced fault tolerance: a disk fails, and mirrored disks take over for it immediately. This provides functionality despite partial system failure, or graceful degradation, rather than an immediate breakdown and loss of function.
High level fault tolerant computing: multiple processors collaborate to scan data and output to detect errors, and then immediately correct them.