A Laurent polynomial permits finitely many positive and negative integer powers, so it has the form .
For a nonzero Laurent polynomial, its breadth is the largest exponent with nonzero coefficient minus the smallest such exponent. Unlike its highest exponent, it is unchanged by multiplying by a Laurent monomial unit. The breadth of a nonzero constant is zero.
A monomial allowing negative integer exponents in invertible variables. Finite sums of Laurent monomials form a Laurent polynomial ring. In a graded coordinate ring each has total degree .
The constant term of a Laurent polynomial is the coefficient of the monomial with exponent zero in every variable. Taking the constant term in just one variable leaves a Laurent polynomial in the other variables; successive extractions recover the full constant term. This operation is linear, but need not preserve products. The Dyson constant-term identity is a multivariate example of coefficient extraction.

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A Laurent polynomial is a type of polynomial that allows for both positive and negative integer powers of the variable.