The basic clause in the semantic definition of satisfaction for quantifiers in f-o logic cab be stated in two alternative forms (for simplicity I assume a formula $A(x)$ :
A) take an assignment function $s$ that maps the set $Var = \{ v_1, v_2, ... \}$ of free variables into the domain $D$ of the interpretation and consider the resulting truth-value of the sentence $A(v_1)[s]$
B) take a name $\overline{c}$ for each object $c \in D$, where $D$ is the domain of the interpretation and consider the resulting truth-value of the sentence $A(v_1/ \overline{c})$.
Question 1) are there respectively : A) the objectual and B) the substitutional approach to quantification ?
Question 2) are the following the "correct" reading?
for 1) : through $s$ we assign a denotation (an object) to the term $x$ (a variable) so that the formula becomes a sentence with a fixed meaning (i.e.it becomes meaningful);
for 2) : I perform a substitution of a term (a linguistic entity) into the formula so that the formula becomes a sentence with a fixed meaning.
Question 3) The B) approach (the substitutional one) needs to be "corrected" [according to BBJ, Computability & Logic (5th ed - 2007), pag.116], in order to take care of uncountable domains. What happens with the approach A), where we have countable many variables, so the assignment function $s$ can "take care of" only countable many elements of the domain ?