Please explain -> Vector: in python

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How to explain -> Vector: in Python

what does this mean in python

from typing import List
Vector = List[float]

def scale(scalar: float, vector: Vector) -> Vector:
    return [scalar * num for num in vector]

# typechecks; a list of floats qualifies as a Vector.
new_vector = scale(2.0, [1.0, -4.2, 5.4])
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