Monospaced refers to a type of font where each character occupies the same amount of horizontal space. This means that letters like "i" and "w" take up the same width, making it easier to align text in columns. Monospaced fonts are commonly used in programming and coding environments, as they help maintain the structure of the code. Examples of monospaced fonts include Courier New, Consolas, and Monaco. These fonts are particularly useful for displaying tabular data or creating text-based user interfaces, as they ensure that characters line up neatly, enhancing readability and organization.