What does this Excel formula mean?

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Tags

1. #absolute
2. #cells
3. #excel
4. #appears
5. #displays
6. #formulas
7. #referred
8. #value
9. #dollar
10. #means
11. #comes
12. #anchored
13. #position
14. #column
15. #which
16. #formula
17. #being
18. #copied
19. #since
20. #where
21. #relative
22. #after