Windows Live SkyDrive
Definition - What does Windows Live SkyDrive mean?
Windows Live SkyDrive provides up to 25 GB of cloud storage space, which is accessible over the Internet anywhere, and is available exclusively to its Live services members free of charge. SkyDrive provides both private and publicly accessible storage mechanisms, where private data is only shared with users who have been authorized by the drive owner.
SkyDrive was previously called Windows Live Folders.
Techopedia explains Windows Live SkyDrive
SkyDrive supports Office Web Apps. By default, all the files created using the cloud office suite are saved in SkyDrive. SkyDrive saves the data in default folders, or users can create new folders to manage their data more efficiently.