Emulsions are preparations of two immiscible liquids, often water and oil, stabilized by an emulsifying agent to prevent separation. They serve to create a stable mixture for the administration of liquid drugs, can mask distasteful tastes, and are categorized into oil-in-water (o/w) and water-in-oil (w/o) types. Considerations for their preparation depend on intended use, drug solubility, and required absorption properties.