In your average, memory-protected environment, a "context" is a virtual address space, the executable contained in it, its data etc.| wiki.osdev.org
This article discusses x86-64 CPUs (AMD64 and Intel's equivalent EM64T implementation). IA-64 (Itanium) is really a different beast and not addressed here.| wiki.osdev.org
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The Global Descriptor Table (GDT) is a binary data structure specific to the IA-32 and x86-64 architectures. It contains entries telling the CPU about memory segments. A similar Interrupt Descriptor Table exists containing task and interrupt descriptors.| wiki.osdev.org