Named after Jonathan Homer Lane - American physicist, astrophysicist (1819-1880).
Lane is a lunar impact crater. It lies on the far side , just to the west of the crater Ten Bruggencate. To the west is Perepelkin, and to the northwest lies Love. This crater is not heavily eroded, but the rim is somewhat disrupted at the northern and southern ends. (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.