Final answer:
Short-term memory is the ability to hold information briefly before evaluating its significance.
Step-by-step explanation:
The ability to hold information in memory for a moment before evaluating, calculating, and inferring its significance is known as short-term memory. Short-term memory has a limited capacity and lasts for a brief period of time, usually around 15 to 30 seconds. It allows us to temporarily store and manipulate information before it is either forgotten or moved into long-term memory.