This indicates that the 50 ohm termination is active on the channel. You should be able to turn the terminator off and on for any channel. Note also that when the terminator is active, the input range is limited to about 5v on most scopes, this would be .5W dissipation of the terminator. In very basic term (no flames from experts please and forgive me if you know this) A 50 ohm termination is used to make high frequency measurements without causing reflections in cabling. It becomes important when the wavelength of your setup gets over about 10% of a wavelength. Wavelength in meters is 300/F in megahertz. At 30 Mhz- a wavelength is 10 meters, if your setup gets to be on the order of a meter, you'll start seeing transmission line effects. At very high frequencies into the microwave range, everything has to be terminated and run in transmission line type structures to control impedances and get reliable results. Turn if off.