How to get rid of 'move texture space' in transform ?

I made the mistake of activating the function ‘move texture space’ in object-> transform
Now there is a box floating around and doind nothing as I can experience. What is the use of that function and how do I get rid of it, cancel it or whatever…

You can move (shift+t) and scale (shift+alt+t) generated texture mapping in the viewport.
Here are the settings. Right one to actually hide it.
(Screenshot by Olson)

Great! thank you it worked. what is the use of texture space?