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Part of the Smart grid glossary: Also see bipolar signaling and unipolar signaling. Polarity is a term used in electricity, magnetism, and electronic signaling. Suppose there is a constant voltage, also called an electric potential or electromotive force (EMF), between two objects or points.In such a situation, one of the objects or points (poles) has more electrons than the other.art of the Smart grid glossary: Also see bipolar signaling and unipolar signaling. Polarity is a term used in electricity, magnetism, and electronic signaling. Suppose there is a constant voltage, also called an electric potential or electromotive force (EMF), between two objects or points.
â¢ ELASTICITY (noun). The noun ELASTICITY has 1 sense: 1. the tendency of a body to return to its original shape after it has been stretched or compressed. Familiarity information: ELASTICITY used as a noun is very rare.