NV or Non-volatile memory is a term used to describe any memory or storage that is saved regardless if the power to the computer is on or off. The best example of non-volatile memory and storage is a computer hard drive, flash memory, and ROM. If data is stored on a hard drive, it will remain on that drive regardless if the power is interrupted, which is why it is the best place to store your data and documents. This is also how your computer keeps the time and other system settings even when the power is off.
Tip: See our NVRAM definition for further information about Non-volatile memory, examples, and further information.