The term "schon" is a German word that translates to "already" or "yet" in English. It is commonly used in everyday conversation to indicate that something has occurred earlier than expected or to emphasize a point. For example, one might say, "Ich habe es schon gemacht," meaning "I have already done it." In addition to its temporal meaning, "schon" can also express a sense of affirmation or reassurance. In phrases like "Das ist schon gut," it conveys that something is indeed good or acceptable. This versatility makes "schon" an important word in the German language for both casual and formal communication.