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{{Short description|Construction of a ring of fractions}}
In [[commutative algebra]] and [[algebraic geometry]], '''
The technique has become fundamental, particularly in [[algebraic geometry]], as it provides a natural link to [[sheaf (mathematics)|sheaf]] theory. In fact, the term ''localization'' originated in [[algebraic geometry]]: if ''R'' is a ring of [[function (mathematics)|function]]s defined on some geometric object ([[algebraic variety]]) ''V'', and one wants to study this variety "locally" near a point ''p'', then one considers the set ''S'' of all functions that are not zero at ''p'' and localizes ''R'' with respect to ''S''. The resulting ring <math>S^{-1}R</math> contains information about the behavior of ''V'' near ''p'', and excludes information that is not "local", such as the [[zero of a function|zeros of functions]] that are outside ''V'' (c.f. the example given at [[local ring]]).
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