A transmission line stores electric and magnetic energy along its length, so voltage and current depend on both position and time. A distributed circuit uses inductance and capacitance per length, together with resistance and leakage conductance . Applying voltage and charge balance to a short segment gives the telegrapher's equations,For a lossless line, both variables obey wave equations with speed and characteristic impedance . Forward and backward waves obey and . Matching a termination gives the voltage reflection coefficientA matched load absorbs without reflection; an open circuit has , and a short has . Reflections can produce standing waves. A coaxial line confines the fields between conductors and, for a uniform dielectric TEM wave, has . Finite loss attenuates waves; frequency-dependent losses or material properties can also distort pulses. A long line is a wave-carrying distributed system, so it cannot generally be replaced by one lumped capacitor.
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