Action Potential:A rapid, transient electrical signal that travels along the length of a neuron's axon, enabling communication between different parts of the nervous system.
Excitatory Postsynaptic Potential (EPSP): A localized depolarization of the postsynaptic membrane caused by the binding of excitatory neurotransmitters, which brings the membrane potential closer to the threshold for generating an action potential.
Inhibitory Postsynaptic Potential (IPSP): A localized hyperpolarization of the postsynaptic membrane caused by the binding of inhibitory neurotransmitters, which moves the membrane potential further away from the threshold for generating an action potential.