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Definition of Below the fold
1. Adjective. (newspapers) Referring to a photograph, headline, or article printed on the lower half of the front page of a broadsheet newspaper, such that it is not immediately visible on a folded copy of the newspaper, e.g. as displayed at a newsstand or in a vending machine. ¹
2. Adjective. (by extension web design) Referring to that portion of a web page which is far enough down that it is not likely to be visible in the initial display of a standard browser window, such that the reader will probably have to scroll down before seeing it. ¹
¹ Source: wiktionary.com