Distinguish between magnetic dipole and magnetic dipole moment
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The magnetic dipole moment, often simply called the magnetic moment, may be defined then as the maximum amount of torque caused by magnetic force on a dipole that arises per unit value of surrounding magnetic field in vacuum. ... The term "magnetic moment" is less used. A magnetic dipole arises due to current loops.
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An arrangement of two magnetic poles of equal and opposite strengths separated by a finite distance is called a magnetic dipole. The product of the strength of either pole and the magnetic length of the magnet is called magnetic dipole moment. It is a vector quantity and is represented by M ⃗.
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