High-entropy alloys (HEAs) have emerged as an important class of materials in the last one decade with immense potential both at the level of fundamental understanding and also in terms of applications. This chapter deals with the basic concepts that underpin this new class of alloys. It starts with the definition of HEAs and how they differ from other multicomponent alloys such as Ni-base superalloys. Then it gives a classification of alloys in terms of the number of components. A notation that is commonly used to represent composition in these alloys, particularly the nonequiatomic alloys with alloying additions, is brought out. Finally, four core effects of HEAs are elucidated, namely, high-entropy, severe lattice distortion, sluggish diffusion, and cocktail effects.