time constant noun 3time-constant adjective 1forms 2 noun3 •A characteristic of an exponential function, represented by τ in the function •The time in which a physical system's response to a step-wise change in an external variable reaches approximately 63% of its final (asymptotic) value. •For radioactivity: the decay constant. time-constant adjective1 •Of or pertaining to a time constant. formstime constants · time-constants