What does "modulo equivalence relationship" mean?

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I am reading something on completion of metric spaces and it says:

Let $\hat S$ be $\mathcal{C}$ modulo equivalence relationship of co-Cauchy sequences. Where $\mathcal{C}$ is the set is all Cauchy sequences on $S$.

I think I have encountered this in other contexts say in differential geometry, you see people drawing $\square \text{\~}$, defined as $\square$ modulo equivalence relationship. It seems to me this is pretty hand wavy but I don't understand what modulo mean in this context.

I tried looking up this on google but unfortunately it gave me a bunch of stuff on number theory about modulo operator.

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This means that $\hat{S}$ is the set of all equivalence classes of $\mathcal{C}$. It assumes that we have in mind some specific equivalence relation $\sim$ on $\mathcal{C}$.

In other words, every element $s$ of $\hat{S}$ is a nonempty subset of $\mathcal{C}$. The following two conditions hold:

  • If $x \in s$ then we have $y \in s$ iff $x \sim y$

  • For every $x \in \mathcal{C}$ there exists a unique $s \in \hat{S}$ with $x \in s$.