The document discusses the structure and components of a lexicon. It defines key terms like lexeme, lexical entry, and word. A lexicon contains a list of all the words in a language along with syntactic, semantic, and phonological information for each entry. A lexeme is the basic unit of meaning in a language and can consist of a single word or phrase. Lexemes can be variable, taking different forms like walks/walked, or invariable, having just one form like the. The document also discusses how lexemes relate to words and how verbal and nominal lexemes are structured in a lexicon.