Yes it does.
Cut or copied text is moved to the clipboard (or Office clipboard), then pasted wherever you move the cursor and click to indicate an insertion point.
when you cut text, the text is removed from the document and placed on the office clipboard.
Cut text is saved in so called clipboard or cache memory.You can display it using toolbar menu - Edit - Office Clipboard.
When you copy or cut something it is stored into memory. This is known as the Clipboard. From there it can be pasted to other locations. The clipboard is capable of holding multiple items for pasting.
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When a text or graphic is cut or copied, it is stored in the clipboard, a temporary storage area in the computer's memory. It remains in the clipboard until it is pasted into a new location.
The Clipboard.
The most common implementation of such a thing is usually called a clipboard.
The Cut command.
Cut--removes an object; similar to the backspace key Copy--Saves an item in an invisible "clipboard". Paste--Duplicate the item or text you saved on the clipboard.
It's "Cut". Control + X
copy...cut