Flatness is a property of a module that describes how it behaves with respect to the tensor product operation. A module is considered flat if the functor of tensoring with that module preserves exact sequences, which means that if you have an exact sequence of modules, tensoring it with a flat module will yield another exact sequence. This property is crucial for various results in homological algebra, especially in the context of the five and nine lemmas, as it ensures that certain relationships between modules are maintained when extended.
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