What would you consider to be a "Rebuild?"

[EvoStevo]

As the title says, I wanna know what your definition of a rebuild is. When I finally find a good D24T, my plan of attack is to hot tank the block, re-ring the pistons, replace the rod bearings, hone the cylinders and then call it a day. While I'm at it, I'll probably also install head studs from ARP or whoever makes them. Does a good rebuild concern the head at all? Right now, I'm just planning on using the head I have currently on the D24. I wasn't planning on messing with it as the previous owner says it was "rebuilt" (he also said the block was in good shape but we all know how that turned out). Anyway, just wanted to hear your opinions since the word "rebuild" seems to mean different things to different people.