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What is an inflection point?

What is an inflection point? Here are some definitions.

Noun
  1. (mathematics) a point of inflection
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As the moisture decreases, the evaporation curve inflects at a point referred to herein as the peat evaporation inflection point.
A case can be made that we have now passed a key inflection point for global interest rate markets.
Malawi's not yet, from what I can tell, anywhere near the inflection point.
An unexpected spike in jobless claims announced last week doused hopes that the economic downturn had finally reached an inflection point.
The feeling that we have passed a momentous inflection point is almost palpable.
There are several reasons to believe that we have reached a critical inflection point.

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