Interesting. To me a dissolve is when during the course of one clip going from 0 - 100% opacity, the next clip simultaneously goes from 100 - 0% opacity. At no time, therefore, is the picture black. In contrast, a fade in/out is when one clip first goes from 0 - 100%, and then, immediately after, the next clip goes from 100 - 0 % opacity. In this, therefore, there is an instant where the picture is black and the two clips are never on the screen at the same time.