In the broaest sense, the term impact crater can be applied to any depression, natural or manmade, resulting from the high velocity impact of a projectile with larger body. In most common usage, the term is used for the approximately circular depression in the surface of a planet, moon or other solid body in the Solar System, formed by the hyper-velocity impact of a smaller body with the surface. This is in contrast to the pit crater which results from an internal collapse. Impact craters typically have raised rims, and they range from small, simple, bowl-shaped depressions to large, complex, multi-ringed, impact basins. Meteor Crater or pit crater is perhaps the best-known example of a small impact crater on the Earth.