What is bhav copy published by exchanges and how is it useful? Also why is it called bhav copy?

I see that bhav copy is publised on a daily basis ? What kind of useful information is available there ? What is the source of this name bhav copy ?

Bhavcopy gives an end of day summary for all scrips and F&O contracts that trade on the exchange. 

Bhav (price/rate in hindi/gujrati)+ copy

Following are typically the fields you get on a bhavcopy. Check this NSE link

INSTRUMENT

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					<p>SYMBOL</p>

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								<p>EXPIRY_DT</p>

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											<p>STRIKE_PR</p>

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														<p>OPTION_TYP</p>

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																	<p>OPEN</p>

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																				<td style="height:14.4pt; width:48pt">HIGH</td>
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																				<p>LOW</p>

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																							<p>CLOSE</p>

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																										<p>SETTLE_PR</p>

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																													<p>CONTRACTS</p>

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																																<p>VAL_INLAKH</p>

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																																			<p>OPEN_INT</p>

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																																						<p>CHG_IN_OI</p>

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																																									<td style="height:14.4pt; width:48pt">TIMESTAMP</td>
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