Definition of RAID-5 volume in Network Encyclopedia.
What is RAID-5 volume?
In Microsoft Windows Server, is a volume created with the Disk Management portion of the Computer Management tool that stores its data with parity information across multiple physical disks. Data is stored using striping, which places data and parity information alternately and evenly across multiple disks.
The parity information in RAID 5 is not stored on a single disk – each stripe stores its parity information on a different (rotating) disk. RAID-5 volumes provide fault tolerance, but they cannot be mirrored or extended. RAID-5 volumes must be created on dynamic disks.

NOTE
The Window NT and Windows 2000 equivalent of RAID-5 volumes were stripe sets with parity.