This window defines the labels that appear on the Address page of the My Account area, as well as other address-related labels that appear in the Events and Store areas.
From System Setup, select Set up web components > Address label configuration.
Separate labels are available for preferred billing and preferred shipping addresses, so even though there are duplicate field names, they refer to either billing or shipping information.
Cart Item Label
Specifies the text for the label for the purchase items in the user’s shopping cart. This label can be changed if you want to rename the term "cart" throughout the web site.
Address type
Specifies the introductory text "This is my" for the different types of address labels.
Update Alternate Address Link Label
Specifies the text that appears as a tooltip in the Full view if a customer has entered an alternate shipping address during the checkout process. The tooltip appears over the edit button next to the alternate shipping address.