Michelson is a crater on the far side. It lies along the northeastern outer rim of the huge walled plain Hertzsprung, and to the southwest of the crater Kolhörster. This is a heavily eroded crater formation with multiple impacts along the rim edge and within the interior. The rim is roughly circular, but has been rendered uneven due to these smaller craters. (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.