What does the val() do in this code?

Question

I don't know what the val() means here.

$(function() {
$("#name").keydown(function() {
$("#msg").html($("#name").val());
});
})

Answer 1

Gets the value of input with id "name" and assigns it to the element with id "msg"....

(val() is used for inputs, html() is used for all other elements...)

Answer 2

(val also used for textarea element)