In programming, what term refers to a named location in memory that stores a value?

The term that refers to a named location in memory that stores a value is a variable. In programming, variables are fundamental components that allow developers to store data and manipulate it throughout the execution of a program. When a variable is created, it is assigned a name that acts as a reference to the specific memory location where the value is held.

This enables easy access and modification of the value as needed. For example, a variable named "age" can store the value of a person's age, and that value can be updated during the program's run if necessary, reflecting any changes input by the user or calculated through the program's logic.

In contrast, a constant is a similar storage element; however, it is intended to hold a value that cannot change after its initial assignment. Functions and methods are distinct constructs used for grouping code into reusable blocks, focusing on actions rather than storing values. These differences highlight why the variable is the correct term in the context of the question about storage locations in memory.