Answer
The coordinate $a$ is called that horizontal component of $V$ and the $y$ coordinate $b$ is called vertical component of $V$.
Work Step by Step
If a vector $V$ is in standard position and the tip of the vector corresponds to the point $(a,b)$ then we can write the vector in component from as $ai+bj$.\\
The coordinate $a$ is called that horizontal component of $V$ and the $y$ coordinate $b$ is called vertical component of $V$.