A Masked IP in the context you mentioned is a network range, which in turn is the network address plus its subnet mask. One uses this to match all IP addresses from a particular network.
Example from the link you posted:
10.2.0.0;255.255.0.0,
CIDR Notation: 10.2.0.0/16
% ipcalc 10.2.0.0/255.255.0.0
Address: 10.2.0.0 00001010.00000010. 00000000.00000000
Netmask: 255.255.0.0 = 16 11111111.11111111. 00000000.00000000
Wildcard: 0.0.255.255 00000000.00000000. 11111111.11111111
=>
Network: 10.2.0.0/16 00001010.00000010. 00000000.00000000
HostMin: 10.2.0.1 00001010.00000010. 00000000.00000001
HostMax: 10.2.255.254 00001010.00000010. 11111111.11111110
Broadcast: 10.2.255.255 00001010.00000010. 11111111.11111111
Hosts/Net: 65534 Class A, Private Internet
The example given matches all hosts between (and including) 10.2.0.0 and 10.2.255.255.
Have a look at the Wikipedia article on subnetting for a more detailed explanation.