Meteorites are not necessarily hot when they reach the Earth. In fact, many meteorites are found with frost on them. As they enter the atmosphere, having been warmed only by the sun, meteors have a temperature below freezing. The intense heat produced during passage through the upper atmosphere at very high speed then melts a meteor's outside layer, but molten material is blown off and the interior does not have time to warm appreciably. Most meteorites fall through the relatively cool lower atmosphere for as long as several minutes at subsonic velocity before reaching the ground, giving plenty of time for their exterior to cool off again.

A meteorite is a portion of a meteoroid or asteroid that survives its passage through the atmosphere and hits the ground without being destroyed. Meteorites are sometimes, but not always, found in association with hypervelocity impact craters; during energetic collisions, the entire impactor may be vaporized, leaving no meteorites. Geologists use the term, "bolide," in a different sense from astronomers to indicate a very large impactor. For example, the USGS uses the term to mean a generic large crater-forming projectile in a manner "to imply that we do not know the precise nature of the impacting body ... whether it is a rocky or metallic asteroid, or an icy comet for example." Meteoroids also hit other bodies in the solar system. On such stony bodies as the moon or Mars with no or little atmosphere, they leave enduring craters.

In early literature, before the significance of impact cratering was widely recognized, the terms crypto-explosion or crypto-volcanic structure were often used to describe what are now recognized as impact-related features on Earth. Molten terrestrial material ejected from a meteorite impact crater can cool and solidify into an object known as a tektite. These are often mistaken for meteorites.