When describing most MRI sequences we refer to the shade of grey of tissues or fluid with the word intensity, leading to the following absolute terms:
high signal intensity = white
intermediate signal intensity = grey
low signal intensity = black
Often we refer to the appearance by relative terms:
hyperintense = brighter than the thing we are comparing it to
isointense = same brightness as the thing we are comparing it to
hypointense = darker than the thing we are comparing it to