Margaritifer Terra is an ancient, heavily cratered region of Mars. It is centered just south of the Martian equator at 4.9°S 25°W / -4.9; -25 and covers 2600 km at its widest extent. The area reveals "chaos terrain", outflow channels, and alluvial plains that are indicative of massive flooding. Wind erosion patterns are also in evidence. (wikipedia entry)
A terra is an extensive land mass. On Mars they are named after the nearest named albedo feature on the Schiaparelli or Antoniadi maps.