Range Names : Good or Bad programming practice?

[Bob Phillips]

With all the conversation going on, I started getting a little confused about what's being called a "named range". I think the term range is what's bothering me.

You are right, they are just called Names in help. They apply to a workbook or a worksheet. They do not apply to ranges, just are most often use to ReferTo a range.

In fact all defined names are formulas,

No, names can refer to a constant value.