The term "mythology" sometimes refers to the study of myths and sometimes refers to a body of myths. For example, comparative mythology is the study of connections between myths from different cultures, whereas Greek mythology is the body of myths from ancient Greece. The term "myth" is often used colloquially to refer to a false story; however, the academic use of the term generally does not refer to truth or falsity.

In the field of folkloristics, a myth is conventionally defined as a sacred narrative explaining how the world and humankind came to be in their present form. Many scholars in other academic fields use the term "myth" in somewhat different ways. In a very broad sense, the term can refer to any traditional story.

The main characters in myths are usually gods or supernatural heroes. As sacred stories, myths are often endorsed by rulers and priests and closely linked to religion. In the society in which it is told, a myth is usually regarded as a true account of the remote past.

In fact, many societies have two categories of traditional narrative—(1) "true stories", or myths, and (2) "false stories", or fables. Myths generally take place in a primordial age, when the world had not yet achieved its current form. They explain how the world gained its current form and how customs, institutions, and taboos were established.

Closely related to myth are legend and folktale. Myths, legends, and folktales are different types of traditional story. Unlike myths, folktales can take place at any time and any place, and they are not considered true or sacred even by the societies that tell them.

Like myths, legends are stories that are traditionally considered true; however, they are set in a more recent time, when the world was much as it is today. Also, legends generally feature humans as their main characters, whereas myths generally focus on superhuman characters.

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