A parameter which quantifies the time a circuit takes to reach one value from another (i.e. a step response).
A parameter which quantifies the time a circuit takes to reach one value from another (i.e. a step response). It is typically denoted using the Greek letter \$\tau\$. Examples of time constants include \$\tau = RC\$ for a first order circuit composed of a resistor and capacitor, or \$\tau = L/R\$ for a first order circuit composed of a resistor and inductor.