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A Hotkey (or accelerator key, shortcut key, keyboard shortcut, hot key, key binding, keybinding, key combo, etc.) is a key or set of keys that performs a predefined function. These functions can often be done via some other, more indirect mechanism, such as using a menu, typing a longer command, and/or using a pointing device. By reducing such sequences to a few keystrokes, this can often save the user time, hence "shortcut".
For example File has one underlined letter - F, so that is regular key to enter File menu.
Usage
Let's try to use one of them and open Additional Reports page.
1. To open Additional Reports page first open Reports drop-down list, hold down the modifier key - Alt and then quickly press and release the regular key (underlined letter) - R, and release the modifier key.
2. Now, you'll see Reports drop-down menu. Pay attention that here all Reports names have underlined letters too. So, to open Additional Reports page hold down the modifier key - Alt and then quickly press and release the regular key (underlined letter) - A, and release the modifier key.