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Half-life (in units of time).
Half-Life is the rate of radioactive decay, measured in time. The half life gives the time it take for half of the radioactive atoms in a system to decay. Fore example, if you have 10 grams of carbon-14, it will take 5730 years for half of it to decay, giving you 5 grams. In another 5730 years, you'll have 2.5 grams left, etc...
Isotopes decay at an exponential rate. A half-life is the time that half of the population of an isotope will decay. The measure is a statistical probability and is more accurate when a large population is observed. The term half-life is applied to describe a property of a given isotope (i.e. the half-life of Carbon 14 is 5730).
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