const cannot be updated or re-declared

This means that the value of a variable declared with const remains the same within its scope. It cannot be updated or re-declared. So if we declare a variable with const, we can neither do this:

const greeting = "say Hi";
greeting = "say Hello instead";// error: Assignment to constant variable. 

nor this:

const greeting = "say Hi";
const greeting = "say Hello instead";// error: Identifier 'greeting' has already been declared

Every const declaration, therefore, must be initialized at the time of declaration.

This behavior is somehow different when it comes to objects declared with const. While a const object cannot be updated, the properties of this objects can be updated. Therefore, if we declare a const object as this:

const greeting = {
    message: "say Hi",
    times: 4
}

while we cannot do this:

greeting = {
    words: "Hello",
    number: "five"
} // error:  Assignment to constant variable.

we can do this:

greeting.message = "say Hello instead";

This will update the value of greeting.message without returning errors.