Finite volume refers to the small volume surrounding each node point on a mesh. The finite volume method (FVM) is a numerical method that converts partial differential equations into algebraic equations. FVM involves (1) grid generation by dividing the domain into control volumes, (2) discretizing the governing equations by integrating over each control volume, and (3) solving the algebraic equations. FVM follows the conservation law by ensuring flux entering and leaving each control volume is identical. The document provides an example of using FVM to solve the 1D steady state heat equation.