The term "1/2" represents the fraction known as "half." It indicates that something is divided into two equal parts, and one of those parts is being considered. For example, if you have a whole pizza and cut it into two equal slices, each slice is 1/2 of the pizza. In everyday life, "half" is commonly used in various contexts, such as measuring ingredients in cooking or sharing items. For instance, if you have a cup of sugar and use 1/2 of it, you are using half a cup. Understanding fractions like 1/2 helps in making fair divisions and comparisons.