The term for energy that is stored in an object due to its position is called potential energy. This type of energy can take various forms, such as gravitational potential energy, which depends on an object's height relative to a reference point (like the ground). The higher the object, the more potential energy it holds. Potential energy is a key concept in physics, particularly in understanding how energy can be converted into kinetic energy, which is the energy of motion, when an object is allowed to move.