1) It is the name of the cell in spreadsheet
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Cell Reference: A cell reference is the name of the cell that is found by combining the Column Letter with the Row Number. For example the cell in Column "C" in Row "3" would be cell C3. Column: Columns run vertically on the spreadsheet screen.
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Explanation:
Define a name for a cell or cell range on a worksheet
Select the cell, range of cells, or nonadjacent selections that you want to name.
Click the Name box at the left end of the formula bar. Name box.
Type the name that you want to use to refer to your selection. Names can be up to 255 characters in length.
Press ENTER.
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