Server Jargon: Memory vs. Storage

The memory and storage are separate pieces of hardware from the processor (described here) also on the motherboard of a computer or server.

Memory = RAM = Random Access Memory
  • Short Term Memory
  • Physically: a thin metal & plastic board

Storage = Disk Space = Hard Drive (HD) = Solid State Drive (SSD)
  • Long Term Memory
  • Physically: a small metal box

WOW.  If you're a server beginner, this is another Wall Of Words you have to climb.
I'm not a computer engineer, just a software developer.  This is my understanding as of May 2014.