Remanence

Remanence or remanent magnetization is the magnetization left behind in a ferromagnetic material (such as iron) after an external magnetic field is removed. It is also the measure of that magnetization. Colloquially, when a magnet is "magnetized" it has remanence. The remanence of magnetic materials provides the magnetic memory in magnetic storage devices, and is used as a source of information on the past Earth's magnetic field in paleomagnetism.