Polarization, or polarisation, is a property of transverse waves which specifies the geometrical orientation of the oscillations. In a transverse wave, the direction of the oscillation is perpendicular to the direction of motion of the wave. One example of a polarized transverse wave is vibrations traveling along a taut string, for example, in a musical instrument like a guitar string. Depending on how the string is plucked, the vibrations can be in a vertical direction, horizontal direction, or at any angle perpendicular to the string. In contrast, in longitudinal waves, such as sound waves in a liquid or gas, the displacement of the particles in the oscillation is always in the direction of propagation, so these waves do not exhibit polarization. Transverse waves that exhibit polarization include electromagnetic waves such as light and radio waves, gravitational waves, and transverse sound waves (shear waves) in solids.

An electromagnetic wave such as light consists of a coupled oscillating electric field and magnetic field that are always perpendicular to each other. Different states of polarization correspond to different relationships between the directions of the fields and the direction of propagation. In linear polarization, the electric and magnetic fields each oscillate in a single direction, perpendicular to one another. In circular or elliptical polarization, the fields rotate around the beam's direction of travel at a constant rate. The rotation can be either in the right-hand or in the left-hand direction.

Light or other electromagnetic radiation from many sources, such as the sun, flames, and incandescent lamps, consists of short wave trains with an equal mixture of polarizations; this is called unpolarized light. Polarized light can be produced by passing unpolarized light through a polarizer, which allows waves of only one polarization to pass through. The most common optical materials do not affect the polarization of light, but some materials—those that exhibit birefringence, dichroism, or optical activity—affect light differently depending on its polarization. Some of these are used to make polarizing filters. Light also becomes partially polarized when it reflects at an angle from a surface.

According to quantum mechanics, electromagnetic waves can also be viewed as streams of particles called photons. When viewed in this way, the polarization of an electromagnetic wave is determined by a quantum mechanical property of photons called their spin. A photon has one of two possible spins: it can either spin in a right hand sense or a left hand sense about its direction of travel. Circularly polarized electromagnetic waves are composed of photons with only one type of spin, either right- or left-hand. Linearly polarized waves consist of photons that are in a superposition of right and left circularly polarized states, with equal amplitude and phases synchronized to give oscillation in a plane.

Polarization is an important parameter in areas of science dealing with transverse waves, such as optics, seismology, radio, and microwaves. Especially impacted are technologies such as lasers, wireless and optical fiber telecommunications, and radar.

Most sources of light are classified as incoherent and unpolarized (or only "partially polarized") because they consist of a random mixture of waves having different spatial characteristics, frequencies (wavelengths), phases, and polarization states. However, for understanding electromagnetic waves and polarization in particular, it is easier to just consider coherent plane waves; these are sinusoidal waves of one particular direction (or wavevector), frequency, phase, and polarization state. Characterizing an optical system in relation to a plane wave with those given parameters can then be used to predict its response to a more general case, since a wave with any specified spatial structure can be decomposed into a combination of plane waves (its so-called angular spectrum). Incoherent states can be modeled stochastically as a weighted combination of such uncorrelated waves with some distribution of frequencies (its spectrum), phases, and polarizations.

Electromagnetic waves (such as light), traveling in free space or another homogeneous isotropic non-attenuating medium, are properly described as transverse waves, meaning that a plane wave's electric field vector E and magnetic field H are each in some direction perpendicular to (or "transverse" to) the direction of wave propagation; E and H are also perpendicular to each other. By convention, the "polarization" direction of an electromagnetic wave is given by its electric field vector. Considering a monochromatic plane wave of optical frequency f (light of vacuum wavelength λ has a frequency of f = c/λ where c is the speed of light), let us take the direction of propagation as the z axis. Being a transverse wave the E and H fields must then contain components only in the x and y directions whereas E_z = H_z = 0. Using complex (or phasor) notation, the instantaneous physical electric and magnetic fields are given by the real parts of the complex quantities occurring in the following equations. As a function of time t and spatial position z (since for a plane wave in the +z direction the fields have no dependence on x or y) these complex fields can be written as: $${\displaystyle {\vec {E}}(z,t)={\begin{bmatrix}e_{x}\\e_{y}\\0\end{bmatrix}}\;e^{i2\pi \left({\frac {z}{\lambda }}-{\frac {t}{T}}\right)}={\begin{bmatrix}e_{x}\\e_{y}\\0\end{bmatrix}}\;e^{i(kz-\omega t)}}$$ and $${\displaystyle {\vec {H}}(z,t)={\begin{bmatrix}h_{x}\\h_{y}\\0\end{bmatrix}}\;e^{i2\pi \left({\frac {z}{\lambda }}-{\frac {t}{T}}\right)}={\begin{bmatrix}h_{x}\\h_{y}\\0\end{bmatrix}}\;e^{i(kz-\omega t)},}$$ where λ = λ₀/n is the wavelength in the medium (whose refractive index is n) and T = 1/f is the period of the wave. Here e_x, e_y, h_x, and h_y are complex numbers. In the second more compact form, as these equations are customarily expressed, these factors are described using the wavenumber k = 2πn/λ₀ and angular frequency (or "radian frequency") ω = 2πf. In a more general formulation with propagation not restricted to the +z direction, then the spatial dependence kz is replaced by k→ ∙ r→ where k→ is called the wave vector, the magnitude of which is the wavenumber.

Thus the leading vectors e and h each contain up to two nonzero (complex) components describing the amplitude and phase of the wave's x and y polarization components (again, there can be no z polarization component for a transverse wave in the +z direction). For a given medium with a characteristic impedance η, h is related to e by: $${\displaystyle {\begin{aligned}h_{y}&={\frac {e_{x}}{\eta }}\\h_{x}&=-{\frac {e_{y}}{\eta }}.\end{aligned}}}$$