This document discusses properties and laws of logarithms. It contains the following key points:
1. Logarithms represent exponents - the logarithm of a number is the exponent that the base must be raised to to produce that number.
2. Basic properties of logarithms include: logarithms are only defined for positive values; log 1 = 0 and log b = 1 for any base b; and the property that b^log(x) = x.
3. The product and quotient laws state that for logarithms with the same base, log(ab) = log(a) + log(b) and log(a/b) = log(a) - log(b).