A quadratic function is a polynomial function of the form f(x) = ax^2 + bx + c, where a ≠ 0. It is a function with a degree of two, meaning the highest exponent is 2. A quadratic equation is a trinomial expression with three terms - ax^2, bx, and c. The quadratic formula, x = (-b ± √(b^2 - 4ac))/2a, is used to find the roots or solutions of a quadratic equation. The discriminant, b^2 - 4ac, determines whether the roots are real and unequal, real and equal, or imaginary and unequal.