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), known as the Prajñāpāramitā sutras, which includes such texts as the Heart Sutra and Diamond Sutra.
The word Prajñāpāramitā combines the Sanskrit words prajñā "wisdom" (or "knowledge") with pāramitā, "excellence," "perfection," "noble character quality," or "that which has gone beyond," "gone to the other side," "transcending." Prajñāpāramitā is a central concept in Mahāyāna Buddhism and is generally associated with ideas such as emptiness (śūnyatā), 'lack of svabhāva' (essence), the illusory (māyā) nature of things, how all phenomena are characterized by "non-arising" (anutpāda, i.e. unborn) and the Madhyamaka thought of Nāgārjuna. Its practice and understanding are taken to be indispensable elements of the Bodhisattva path.