Grimaldi is a large basin located near the western limb. It lies to the southwest of the Oceanus Procellarum, and southeast of the crater Riccioli. Between Oceanus Procellarum is Damoiseau, and to the north is Lohrmann. The inner wall has been so heavily worn and eroded by subsequent impacts that it forms a low, irregular ring of hills, ridges and peaks, rather than a typical crater rim. (wikipedia entry)
A crater is a circular depression likely created by an impact event. On the Moon they are named after deceased scientists, polar explorers, astronauts or cosmonauts.