if it comes out with some force , usually from the uretha (Pee hole)
then it can be called squirting yes.
When some ladies say they have cum, they just mean because their vagina is wet, but that is lubricating fluid and comes out slowly from the Bartholin's glands which are situated on the inner lips of the vagina.
During sexual excitement, vaginal discharge becomes very profuse because two glands near the vaginal opening (the Bartholin's glands) secrete additional slippery mucus, which acts as a lubricant for intercourse.
some women can squirt a lot. A porn star called Cytheria , can squirt about 1 or 2 feet sometimes(up to 60 cmtrs) but that is most unusual.
most ladies dont squirt, but many do.
Usually it is some form of sexual stimulation that builds them up to a climax , and then it gushes out in a quick release. so it is a type of orgasm for some women, cos after they squirted , their tension is released and they want to stop then and rest to recover. But like with multiple orgasms, some ladies like to keep going , and squirt again.
But after about 3 times they have no liquid left to squirt out anymore.So then they finished.