The same thing as an answering machine, but usually kept in a digital format at a remote location not at all local to your phone itself. Voicemail is where you may spend most of your time talking to people since the odds that two people will both be free, available and ready to discuss anything at the exact same time are extremely low.

Y'know, if you log in, you can write something here, or contact authors directly on the site. Create a New User if you don't already have an account.