Hi Bob - you've actually asked about something that is a source of great debate here at Bootstrap!
We take our vocabulary very seriously, so here's a question for all the teachers here: what do you call x and y, below?
(define x 42)
(define (f y) (+ y 2))
They are both names for things, that's for sure. But they have different behaviors. x, for example, is defined to be 42. That's all it ever will be, and to say otherwise would be incorrect. y, on the other hand, can stand for many different values, depending on the inputs to the function f. We feel confident that "variable" is the right name for y -- it's a name for quantity that varies, after all! But what do we call x? There's nothing "variable" about it!
This exact same issue exists in the math world - ask a math teacher what x and y are:
x = 42
f(y) = y + 2
We've been talking to the folks at the math forum, and they agree that y is most definitely a variable and that it feels awkward to call x the same thing. At Bootstrap, we've made the decision to call x a value for now, and that lesson title should be renamed from "defining variables" to "defining values"! In fact, why wait? I've just renamed the lesson now. Thanks for bringing this to our attention, and for raising this point!