Git is a free & open source, distributed version control system designed to handle everything from small to very large projects with speed and efficiency.
Subversion (SVN) is a version control system initiated in 1999 by CollabNet Inc. It is used to maintain current and historical versions of files such as source code, web pages, and documentation. Its goal is to be a mostly-compatible successor to the widely used Concurrent Versions System (CVS).
CVS uses a client-server architecture: a server stores the current version(s) of a project and its history, and clients connect to the server in order to “check out” a complete copy of the project, work on this copy and then later “check in” their changes. Typically, the client and server connect over a LAN or over the Internet, but client and server may both run on the same machine if CVS has the task of keeping track of the version history of a project with only local developers.