Prajñāpāramitā means "the Perfection of Wisdom" or "Transcendental Knowledge" in Mahāyāna. Prajñāpāramitā refers to a perfected way of seeing the nature of reality, as well as to a particular body of Mahāyāna scriptures (sūtras) which discusses this wisdom.

Pāramitā or pāramī is a Buddhist term often translated as "perfection". It is described in Buddhist commentaries as a noble character quality generally associated with enlightened beings. Pāramī and pāramitā are both terms in Pali but Pali literature makes greater reference to pāramī, while Mahayana texts generally use the Sanskrit pāramitā.