A caldera is a large cauldron-like hollow that forms shortly after the emptying of a magma chamber in a volcanic eruption. When large volumes of magma are erupted over a short time, structural support for the rock above the magma chamber is lost. The ground surface then collapses downward into the emptied or partially emptied magma chamber, leaving a massive depression at the surface (from one to dozens of kilometers in diameter). Although sometimes described as a crater, the feature is actually a type of sinkhole, as it is formed through subsidence and collapse rather than an explosion or impact. Only seven caldera-forming collapses are known to have occurred since 1900, most recently at Bárðarbunga volcano, Iceland in 2014.

 

Note:   The above text is excerpted from the Wikipedia article Caldera, which has been released under the GNU Free Documentation License.