Topic: Naming a cell or a range of cells using Insert Name (Excel 2003)

I can see that you can define a name for a cell or range of cells using
Insert Name Define.

I can see that you can define a range using a row label by using Insert
Name Create.

I can see that you can put a named cell(s) into a function using Insert
Name Paste.

I can see that you can update a spreadsheet with newly defined named cells
using Insert Name Apply.

But I can not work out what Insert Name Label does.

I have search office help and Microsoft office online, I have looked a two
level 3 Excel books and I can not find an explanation.

Can you help?