IP address
An Internet Protocol address (IP address) is a numerical label assigned to each device connected to a computer network that uses the Internet Protocol for communication.
An IP address serves two principal functions: host or network interface identification and location addressing.
Private network
In the Internet addressing architecture, a private network is a network that uses private IP address space. Both, the IPv4 and the IPv6 specifications define private addressing ranges. These addresses are commonly used for local area networks (LANs) in residential, office, and enterprise environments. Private IP address spaces were originally defined in an effort to delay IPv4 address exhaustion.