The document discusses different types of asymptotes:
1. Vertical asymptotes occur when the denominator of a rational function is zero, creating discontinuities.
2. Oblique (slant) asymptotes describe the linear behavior a function approaches as x approaches infinity or negative infinity. The coefficients of the linear equation can be determined from limits.
3. A horizontal asymptote occurs when the limit of a function over x as x approaches infinity is finite, and defines a horizontal line y=b. Asymptotes provide guidance for graphing functions and understanding their behavior.