What is computed in vue code example

Example 1: computed vue

// ...
computed: {
  fullName: {
    // getter
    get: function () {
      return this.firstName + ' ' + this.lastName
    },
    // setter
    set: function (newValue) {
      var names = newValue.split(' ')
      this.firstName = names[0]
      this.lastName = names[names.length - 1]
    }
  }
}
// ...

Example 2: computed vue js

var vm = new Vue({
  el: '#demo',
  data: {
    firstName: 'Foo',
    lastName: 'Bar',
    fullName: 'Foo Bar'
  },
  watch: {
    firstName: function (val) {
      this.fullName = val + ' ' + this.lastName
    },
    lastName: function (val) {
      this.fullName = this.firstName + ' ' + val
    }
  }
})