What do the brackets mean in x86 asm?

Question

Given the following code:

L1     db    \"word\", 0

       mov   al, [L1]
       mov   eax, L1

What do the brackets ([L1]) represent?

Answer 1

Operands of this type, such as [ebp], are called memory operands.

All the answers here are good, but I see that none tells about the caveat in following this as a rigid rule - if brackets, then dereference, except when it's the lea instruction.

lea is an exception to the above rule. Say we've

mov eax, [ebp - 4]

The value of ebp is subtracted by 4 and the brackets indicate that the resulting value is taken as an address and the value residing at that address is stored in eax. However, in lea's case, the brackets wouldn't mean that:

lea eax, [ebp - 4]

The value of ebp is subtracted by 4 and the resulting value is stored in eax. This instruction would just calculate the address and store the calculated value in the destination register. See What is the difference between MOV and LEA? for further details.