Magnet
A permanent magnet is an object made from a material that is magnetized and creates its own persistent magnetic field. An everyday example is a refrigerator magnet used to hold notes on a refrigerator door. Materials that can be magnetized, which are also the ones that are strongly attracted to a magnet, are called ferromagnetic (or ferrimagnetic). These include the elements iron, nickel and cobalt, some alloys of rare-earth metals, and some naturally occurring minerals such as lodestone. Although ferromagnetic (and ferrimagnetic) materials are the only ones attracted to a magnet strongly enough to be commonly considered magnetic, all other substances respond weakly to a magnetic field, by one of several other types of magnetism.
Magnet
The term "magnet" is typically reserved for objects that produce their own persistent magnetic field even in the absence of an applied magnetic field. Only certain classes of materials can do this. Most materials, however, produce a magnetic field in response to an applied magnetic field – a phenomenon known as magnetism. There are several types of magnetism, and all materials exhibit at least one of them.