The dynamic stability of an aircraft refers to how the aircraft behaves after it has been disturbed following steady non-oscillating flight.
Oscillating motions can be described by two parameters, the period of time required for one complete oscillation, and the time required to damp to half-amplitude, or the time to double the amplitude for a dynamically unstable motion. The longitudinal motion consists of two distinct oscillations, a long-period oscillation called a phugoid mode and a short-period oscillation referred to as the short-period mode.
The longer period mode, called the "phugoid mode" is the one in which there is a large-amplitude variation of air-speed, pitch angle, and altitude, but almost no angle-of-attack variation. The phugoid oscillation is really a slow interchange of kinetic energy (velocity) and potential energy (height) about some equilibrium energy level as the aircraft attempts to re-establish the equilibrium level-flight condition from which it had been disturbed. The motion is so slow that the effects of inertia forces and damping forces are very low. Although the damping is very weak, the period is so long that the pilot usually corrects for this motion without being aware that the oscillation even exists. Typically the period is 20–60 seconds. This oscillation can generally be controlled by the pilot.
With no special name, the shorter period mode is called simply the "short-period mode". The short-period mode is a usually heavily damped oscillation with a period of only a few seconds. The motion is a rapid pitching of the aircraft about the center of gravity. The period is so short that the speed does not have time to change, so the oscillation is essentially an angle-of-attack variation. The time to damp the amplitude to one-half of its value is usually on the order of 1 second. Ability to quickly self damp when the stick is briefly displaced is one of the many criteria for general aircraft certification.
"Lateral-directional" modes involve rolling motions and yawing motions. Motions in one of these axes almost always couples into the other so the modes are generally discussed as the "Lateral-Directional modes".
There are three types of possible lateral-directional dynamic motion: roll subsidence mode, spiral mode, and Dutch roll mode.
Roll subsidence mode is simply the damping of rolling motion. There is no direct aerodynamic moment created tending to directly restore wings-level, i.e. there is no returning "spring force/moment" proportional to roll angle. However, there is a damping moment (proportional to roll rate) created by the slewing-about of long wings. This prevents large roll rates from building up when roll-control inputs are made or it damps the roll rate (not the angle) to zero when there are no roll-control inputs.