Any \(M \times N\) Matrix (where \(M \geq 2\) and \(N \geq 1\)) consists of \(N\) Vectors/Columns with each Vector having \(M\) Components.
Any such \(M \times N\) Matrix can Represent/Span a Vector Space whose Dimension can range from \(1\) to \(M\) or \(N\) (whichever is less).
The Dimension of the Vector Space Represented/Spanned by such a Matrix is called the Rank of the Matrix.