Eigenvalues and EigenfunctionsThe wavefunction for a given physical system contains the measurable information about the system. To obtain specific values for physical parameters, for example energy, you operate on the wavefunction with the quantum mechanical operator associated with that parameter. The operator associated with energy is the Hamiltonian, and the operation on the wavefunction is the Schrodinger equation. Solutions exist for the time independent Schrodinger equation only for certain values of energy, and these values are called "eigenvalues*" of energy. Corresponding to each eigenvalue is an "eigenfunction*". The solution to the Schrodinger equation for a given energy involves also finding the specific function which describes that energy state. The solution of the time independent Schrodinger equation takes the form The eigenvalue concept is not limited to energy. When applied to a general operator Q, it can take the form if the function ψ_{i} is an eigenfunction for that operator. The eigenvalues q_{i} may be discrete, and in such cases we can say that the physical variable is "quantized" and that the index i plays the role of a "quantum number" which characterizes that state.
*"Eigenvalue" comes from the German "Eigenwert" which means proper or characteristic value. "Eigenfunction" is from "Eigenfunktion" meaning "proper or characteristic function". 
Index Schrodinger equation concepts Postulates of quantum mechanics  

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