Name origin: likely because it "determines" if a matrix is invertible or not, as a matrix is invertible iff determinant is not zero.
When it exists, which is not for all matrices, only invertible matrix, the inverse is denoted:
The set of all invertible matrices forms a group: the general linear group with matrix multiplication. Non-invertible matrices don't form a group due to the lack of inverse.
When it distributes it inverts the order of the matrix multiplication:
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