The "bubble" is the point in a tournament at which the next player out will not win any money, but the rest of the players will win money or cash.

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Add-on value and “bubble factor”

Bubble factor represents the value ratio of winning X chips versus losing X chips in a given tournament - and is named so because the ratio grows steeply as the money bubble approaches. An exaggerated ...
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Tricky Tournament Bubble Situation

How (and why) do you play this hand as big stack on the bubble of a short-handed SNG? All players are reasonably skilled. BB has played pretty tight in the previous ~100 hands this tournament, and in ...