Technically speaking is when the concrete is not hand finished at all. This finish is only used in vertical surfaces such as walls, step faces, retaining or other hardscape structures. All horizontal surfaces must be hand finished as per above and below.
The quality of this finish is mostly dependant upon the quality or standard of the formwork used to contain the wet concrete. It can look fantastic in the right areas but has a nasty tendency of looking better in photos than in reality. A warts and all finish where passers by hardly notice the wart but you know exactly where it is!