It's absolutely not a meaningless term, it's a classification in the Nova standard:
https://en.wikipedia.org/wiki/Nova_classification
And regarding health risks, please ask your doctor about your consumption. You may be surprised.
Nova is itself something that has changed a bunch over time and combines a ton of different concepts.
It is meaningless to the general population. No term is meaningless to an individual or small groups of people, obviously. That goes without saying.
Yeah, it kinda made me laugh too. I'm glad you could pull something out. I'd never heard of that Nova classification system. I'll have to read some more on it. The whole doctor thing, the more processed the food is, the less work your body has to do, which means the more available the calories are, which generally means the worse it is for you.
And usually the fats have to be processed because fat is generally not shelf-stable.