What is managed in .Net context

Specify what does term “managed” mean within the .NET context?

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The term “managed” is described as the cause of much confusion. It is used in several places in the .NET, meaning slightly different things.

a) Managed code: The .NET framework offers various core run-time services to programs which run inside it – such as: exception handling and security. For all these services to work, code should offer a minimum level of the information to runtime. Such code is known as managed code.

b) Managed data: This refers to the data which is assigned and freed by the .NET runtime's garbage collector.

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