symmetric monoidal (∞,1)-category of spectra
The localization of a commutative ring at a set of its elements is a new ring in which the elements of become invertible (units) and which is universal with this property.
When interpreting a ring under Isbell duality as the ring of functions on some space , then localizing it at corresponds to restricting to the subspace on which the elements in vanish.
See also commutative localization and localization of a ring (noncommutative).
Let be a commutative ring. Let be a subset of the underlying set.
The localization is a homomorphism to another commutative ring such that
for all elements the image is invertible (is a unit);
for every other homomorphism with this property, there is a unique homomorphism such that we have a commuting diagram