What does list() mean

Answer 1

list() converts an iterable object to list.
https://python-reference.readthedocs.io/en/latest/docs/functions/list.html

Answer 2

As Hatsy Rei said it converts itrable object into list
So here is an example :
list("ayush")
Output:
["a","y","u","s","h"]

Answer 3

Just to clarify, "list" is a datatype and list() is a function