epsilon UK /ɛpˈsaɪ.lən/US /ˈɛp.sɪˌlɑn/ noun6 •The fifth letter of the Greek alphabet, ε or Ε, preceded by delta (Δ, δ) and followed by zeta (Ζ, ζ). •An arbitrarily small quantity. •(informal) Something negligible or insignificant.Yes, we have to convert all the symbol names to upper case at startup, but that’s epsilon. •In IPA, the phonetic symbol ɛ that represents the open-mid front unrounded vowel. •The percentage change in an option value with respect to the underlying dividend yield. •(informal) A small child. formsepsila · epsilons