Understanding the Excel Object Model; ActiveCell as an example

The following webpage seems to imply that ActiveCell is a property of the Application object.
http://msdn.microsoft.com/en-us/libr...ffice.11).aspx

The attached Word file contains a screen shot of the Object Browser. I have ActiveCell selected. At the bottom it seems to indicate that ActiveCell is a property of the Range object. So is ActiveCell a property of the Range object or the Application object?

1. How do you read the descriptions at the bottom? Another example, under the Global class, select Date and it says property Date as Variant. What does this mean?

2. How do classes tie into objects?