Polarization (also polarisation) is a parameter applying to transverse waves that specifies the geometrical orientation of the oscillations. In a transverse wave the direction of the oscillation is transverse to the direction of motion of the wave, so the oscillations can have different directions perpendicular to the wave direction. A simple example of a polarized transverse wave is vibrations traveling along a taut string (see image) for example in a musical instrument like a guitar string. Depending on how the string is plucked, the vibrations can be in a vertical direction, horizontal direction, or at any angle perpendicular to the string. In contrast, in longitudinal waves, such as sound waves in a liquid or gas, the displacement of the particles in the oscillation is always in the direction of propagation, so these waves don't exhibit polarization. Transverse waves that exhibit polarization include electromagnetic waves such as light and radio waves, gravitational waves, and transverse sound waves (shear waves) in solids. In some types of transverse waves the wave displacement is limited to a single direction, so these also don't exhibit polarization. For example, in surface waves in liquids (gravity waves) the wave displacement of the particles is always in a vertical plane.
An electromagnetic wave such as light consists of a coupled oscillating electric field and magnetic field which are always perpendicular; by convention the "polarization" of electromagnetic waves refers to the direction of the electric field. In linear polarization the fields oscillate in a single direction. In circular or elliptical polarization the fields rotate at a constant rate in a plane as the wave travels. The rotation can have two possible directions; if the fields rotate in a right hand sense with respect to the direction of wave travel it is called right circular polarization, if the fields rotate in a left hand sense it is called left circular polarization.