Copyleft is an adaptation of conventional copyright. The copyleft holder retains the copyright, but chooses to release it in a manner to allow (and encourage) wide distribution of the work, and ensuring that redistribution is as easy as possible.
As used in my website, "Copyleft" means "Released under the Free Software Foundation's General Public License." If you have specific questions about the exact terms of the GPL, I strongly recommend you check the following web pages:
http://www.gnu.org/
http://www.gnu.org/copyleft/copyleft.html
http://www.gnu.org/copyleft/gpl.html
The full text of the GPL is available from this site, as well as a discussion of the underlying philosophy. Incidentally, the "Free" in "Free Software Foundation" is a political term, not economic: Think "free speech," not "free beer."
In a nutshell, here are the main provisions of the GPL. This should be taken as an informal discussion of the GPL, not a replacement for it.
1. This is specifically NOT placed in the public domain. I retain copyright.
2. Content is provided as is, with no warranty, not even merchantability or suitability for a particular purpose.
3. Except for redistribution, you may use this material however you see fit, for any purpose you see fit. You do not need permission from me or anyone else to use it, modify it, adapt it, or base other work on it. As a matter of courtesy, I would appreciate an email at bhare@cstp.umkc.edu if you decide to use it, but this is not required.
4. If you redistribute this work, you MAY:
Quoting directly from the GPL: "You do not have to accept this License, since you have not signed it. However, nothing else gives you permission to modify or distribute the Program or its derivative works. These actions are prohibited by law if you do not accept this License."