Repolarization is the process during which a neuron returns to its resting membrane potential after an action potential, primarily through the efflux of potassium ions (K+) out of the cell. This phase is essential for resetting the neuron's electrical state, allowing it to be ready for subsequent action potentials. Repolarization occurs following depolarization, where the membrane potential briefly becomes more positive, and it plays a critical role in the overall action potential cycle.