RT Journal Article T1 Matrix product states and projected entangled pair states:Concepts, symmetries, theorems A1 Cirac, J. Ignacio A1 Pérez García, David A1 Schuch, Norbert A1 Verstraete, F. AB The theory of entanglement provides a fundamentally new language for describing interactions and correlations in many-body systems. Its vocabulary consists of qubits and entangled pairs, and the syntax is provided by tensor networks. How matrix product states and projected entangled pair states describe many-body wave functions in terms of local tensors is reviewed. These tensors express how the entanglement is routed, act as a novel type of nonlocal order parameter, and the manner in which their symmetries are reflections of the global entanglement patterns in the full system is described. 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