time constant
noun
1
: the time required for a current turned into a circuit under a steady electromotive force to reach to (e-1)/e or 0.632 of its final strength (where e is the base of natural logarithms)
specifically
: the ratio of the inductance of a circuit in henries to its resistance in ohms
2
: the relaxation time in the discharge of a capacitor that is equal to the product of the resistance in ohms of the discharging circuit and the capacity in farads of the condenser
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Merriam-Webster unabridged
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