Hi,
prefix-lists are built to describe routing updates. Especially with SPs in BGP they are used. Examples:
Do not accept any route with a mask of /25 or /26 or larger.
ip prefix-list NoNo permit 0.0.0.0/0 le 24
Do only accept a specific subnet from a customer:
ip prefix-list Customer1 permit 172.17.18.0/24
Do allow only subnets up to /18 in Class B address space:
ip prefix-list ClassBsubs permit 128.0.0.0/2 ge 16 le 18
So the first portion X.X.X.X/Y describes the network part of a prefix, the second portion of the prefix-list (ge le) describes the mask of the prefix.
Hope this helps!
Regards, Martin