When we open a document in Word or a spreadsheet in Excel, its name is displayed on the Title Bar of Word and Excel, respectively. When we create a new document or spreadsheet, its default name is ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Monte Carlo ...

The difference is that the former copies your data to a location you choose, such as an external hard drive. The latter securely sends your data to the backup company's servers for off-site storage.