Functor represented by a scheme
In algebraic geometry, a functor represented by a scheme X is a set-valued contravariant functor on the category of schemes such that the value of the functor at each scheme S is (up to natural bijections) the set of all morphisms . The scheme X is then said to represent the functor and that classify geometric objects over S given by F.
The best known example is the Hilbert scheme of a scheme X (over some fixed base scheme), which, when it exists, represents a functor sending a scheme S to a flat family of closed subschemes of .
In some applications, it may not be possible to find a scheme that represents a given functor. This led to the notion of a stack, which is not quite a functor but can still be treated as if it were a geometric space. (A Hilbert scheme is a scheme, but not a stack because, very roughly speaking, deformation theory is simpler for closed schemes.)
Some moduli problems are solved by giving formal solutions (as opposed to polynomial algebraic solutions) and in that case, the resulting functor is represented by a formal scheme. Such a formal scheme is then said to be algebraizable if there is another scheme that can represent the same functor, up to some isomorphisms.