flash memory investment & finance definition

A type of memory that is used in digital cell phones, digital cameras, personal digital assistants, and PC cards for notebook computers. Flash memory is constantly on. It can be erased and reprogrammed in units of memory called blocks. The term takes its name from the memory’s design, which allows a section of memory cells to be erased in one action, or in a flash. Flash memory is a popular product that is sold by semiconductor companies.