The document summarizes several key properties of systems: - Memory refers to whether a system's output depends on current and/or past input values. Causal systems are memoryless while anticausal systems require memory. - Linearity means a system's output is a linear combination of its inputs. A linear system satisfies superposition and homogeneity. - Time-invariance means a system's properties do not change over time such that a time shift of the input results in the same time shift of the output. - Invertibility refers to whether the input of a system can be recovered from its output. An invertible system has a corresponding inverse system.