1. A finite automaton is defined by a finite set of states, with one start state and some accepting states, an input alphabet, and transitions between states based on the input letters.
2. A word is accepted if it takes the automaton from the start state to an accepting state. The language accepted is the set of all accepted words.
3. There are two approaches to studying finite automata - analyzing an automaton to determine its language, or building an automaton from a given language description.