Or, as postgresql calls it, "varchar":
> The storage requirement for a short string (up to 126 bytes) is 1 byte plus the actual string, which includes the space padding in the case of character. Longer strings have 4 bytes of overhead instead of 1. Long strings are compressed by the system automatically, so the physical requirement on disk might be less. Very long values are also stored in background tables so that they do not interfere with rapid access to shorter column values. In any case, the longest possible character string that can be stored is about 1 GB.