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Other uses of the "RAM" term
Other physical devices with read–write capability can have "RAM" in their names: for example, DVD-RAM. "Random access" is also the name of an indexing method: hence, disk storage is often called "random access" (Wiki:PowerOfPlainText, Fortran language features#Direct-access files, MBASIC#Files and input/output, Java Platform, Standard Edition#Random access, indexed file) because the reading head can move relatively quickly from one piece of data to another, and does not have to read all the data in between. However the final "M" is crucial: "RAM" (provided there is no additional term as in "DVD-RAM") always refers to a solid-state device.
Often, RAM is a shorthand in on-line conversations for referring to the computer's main working memory.
[edit] RAM disks
Software can "partition" a portion of a computer's RAM, allowing it to act as a much faster hard drive that is called a RAM disk. Unless the memory used is non-volatile, a RAM disk loses the stored data when the computer is shut down. However, volatile memory can retain its data when the computer is shut down if it has a separate power source, usually a battery.