What common misconception does the light-year unit address regarding time?

Answer

It is a measure of distance, not time

A frequent source of confusion in astronomy is assuming the light-year is a unit of temporal measurement because it contains the word 'year.' However, the light-year is strictly a unit of distance. It quantifies the total distance that light, traveling at its maximum universal speed of nearly $300,000$ kilometers per second, traverses over the course of one Julian year. This results in an astonishing distance of approximately $9.46$ trillion kilometers. This unit is employed because it intuitively links the distance to a star with the time it took for its light to reach the observer; a star measured at $500$ light-years means the light currently observed began its journey $500$ years ago.

What common misconception does the light-year unit address regarding time?
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