1) Lateral shift refers to the perpendicular distance between the original direction of an incident ray of light and the emergent ray after refraction through a medium.
2) The expression for calculating lateral shift is d=t sin(i-r)/cosr, where t is the thickness of the medium, i is the angle of incidence, and r is the angle of refraction.
3) Lateral shift increases with increasing angle of incidence, and is at a maximum when the angle of incidence is 90 degrees and equals the thickness of the medium.