The energy present in a system due to its position or condition is referred to as potential energy. It is the energy stored within an object because of its position relative to other objects, internal stresses, or its condition. For instance, a rock positioned at the top of a hill possesses gravitational potential energy due to its elevation. Similarly, chemical potential energy is stored in molecular bonds. Potential energy can be converted to kinetic energy, the energy of motion, demonstrating the interconvertibility of energy forms in physical systems.