Making iTerm to translate 'meta-key' in the same way as in other OSes

Question

In bash shell with emacs key-binding, you can use key combination like M-f, M-b to move one word forward or backward on the shell prompt respectively. Usually, the meta key

Answer 1

I don't know about iTerm, but you can do this in Terminal. Instructions can be found here:

Emacs on Mac OS X Leopard key bindings