The document discusses processor registers, which are small blocks of fast memory built into the CPU. There are several types of registers that perform different functions like storing instructions (Instruction Register), addresses (Program Counter), or data (Accumulator). Registers provide quicker access than main memory and are used to temporarily store data and instructions during processing. Common registers include the Program Counter, Accumulator, Memory Address Register, and Instruction Register. Registers allow for faster operations but are limited in number.