Absorption Spectrum: This refers to the range of wavelengths that a substance can absorb. In our concert analogy, this would represent all possible spotlight colors and which ones make someone's clothes glow.
Wavelength: The distance between two peaks in any wave-based phenomenon including light waves. In the concert analogy, this would be like the color of the spotlight.
Transmittance: The measure of how much light passes through a sample without being absorbed. If everyone at the concert wore black (which doesn't glow under any colored spotlights), they'd have high transmittance because all light colors pass through without causing a reaction.