What is cost per view?

Hey guys.
I'm running a simple ad campaign for a video.
In the bottom right corner it reads:
"Average cost-per-view (CPV)
The average amount you'll pay every time your ad gets a view."
Is it me that has to pay every time my ad gets a view???
I set a daily spending limit and yt informs that at the end
of the month you are billed maximum 30.4 times that.
Example: 1$ daily limit means you are not charged more than 30.4$ at
the end of the month.
So what do those two lines within the quotes mean?
Thanks
 
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