This document defines key terms related to phytopharmaceuticals and herbal medicine. It describes phytopharmaceuticals as plant-based drugs containing at least four bioactive compounds that are purified and standardized for human or animal use. Active ingredients are the therapeutic components of herbal medicines. Botanical drug substances, herbal preparations, and finished herbal products are other terms defined. The document also discusses regulatory affairs, traditional medicine, pharmacovigilance, and pharmacoeconomics as they relate to herbal products.