A light-year, abbreviation ly, is the distance light travels in one year: roughly 9.46 trillion kilometers (or about 5.88 trillion miles). More specifically, a light-year is defined as the distance that a photon would travel, in free space and infinitely far away from any gravitational or magnetic fields, in one Julian year (365.25 days of 86400 seconds each). Since the speed of light in vacuum is 299,792,458 m/s, one light year is approximately equal to 9.46 × 1015 m = 9.46 petameter.
The light-year is used to measure large distances, like the distance from the solar system to a nearby star. A light-year is not a unit of time. In astronomy, the parsec is nowadays the preferred unit for large distances; one parsec equals 3.26 light-years.
A light year is also equal to 63,240 astronomical units. For a list of lengths on the order of one light year, see the article 1 E15 m.