An arithmetic progression is a sequence of numbers where each term after the first is calculated by adding a fixed number, called the common difference, to the previous term. The nth term can be calculated as an = a + (n - 1)d, where a is the first term and d is the common difference. An arithmetic progression can be either finite, with a fixed number of terms, or infinite, with an unlimited number of terms. The sum of the first n terms of an arithmetic progression is given by Sn = n/2(2a + (n-1)d).