Eigenvalue:The scalar value that an eigenvector is multiplied by when a matrix is applied to it. Eigenvalues are closely related to eigenvectors and provide information about the behavior of the matrix.
Characteristic Equation: The equation that relates the eigenvalues of a matrix to the matrix itself. Solving the characteristic equation allows for the determination of the eigenvalues and, subsequently, the eigenvectors.
Diagonalization: The process of transforming a matrix into a diagonal matrix using a change of basis. This is possible if the matrix has a complete set of linearly independent eigenvectors.