The index is your friend! **_Cube_** is defined on page 649, **_coordinate cube_** on page 4, and **_smooth coordinate cube_** on page 15. (Note that, as I wrote in the preface, most readers should read, or at least skim, the appendices before the rest of the book.) "Cubical" is the adjective form of "cube," so a **_cubical chart_** is just a chart whose domain is a coordinate cube, or equivalently whose image is an open cube in $\mathbb R^n$.
So your interpretations are close, but not exactly right. More precisely,
1. An **_open cube_** in $\mathbb R^n$ is a product of bounded open intervals that all have the same length.
2. A **_cubical chart_** is a coordinate chart $(U,\varphi)$, where $U$ is open in the manifold and $\varphi(U)$ is an open cube in $\mathbb R^n$.