Answer: Potential Energy
Step-by-step explanation:
The term that best describes the stored energy based on the position or chemical composition of an object is its potential energy. It is the energy possessed by a body due to its virtue of its position. Any body at rest possesses this energy because they are in one position (not moving).
An object thrown up possesses potential energy at its maximum height before falling under gravity because the object is at rest at the maximum height.