Literary Terms to Know:  (This page is still under construction)
irony tone paradox / oxymoron theme
symbol / symbolism  metaphor  simile character
plot: conflict climax / denouement exposition
point of view: omniscient objective selective omniscient
setting mood foreshadowing alliteration
rhyme rhythm imagery personification
assonance hyperbole synecdoche meter 
See Additional Hum201 terms 
See Additional Hum202 terms 

Some Definitions of Literary Terms (You may also visit these sites ):
setting:  environment or surroundings in which a story takes place.
character:  person in a literary work.
plot: chronological arrangement of incidents; characters performing actions in incidents that comprise a "single, whole, and complete" action.
conflict: struggle that grows out of the interplay of the two opposing forces of the plot, i.e. individual vs. individual, individual vs. nature, individual vs. society, and individual vs. self.
theme: central, dominating idea in a literary work.
irony: recognition of reality different from appearance.
imagery: use of descriptions that appeal to the senses, whether visual, auditory, tactile, aural or taste.
figurative language:  intentional departure from normal word meaning in order to gain strength and freshness of expression or to describe similarities in otherwise dissimilar things.
simile: direct or explicit comparison between two usually unrelated things, using connecting words: like, as, or than.
metaphor: implied comparison between two usually unrelated things, without use of connecting words:
"Life is a bowl full of cherries."
personification: giving of human characteristics to inanimate (nonliving) objects, ideas, or animals:
"The wind cried 'Mary.'"
symbol: something that is itself and yet stands for or suggests or means something else.
point of  view: position from which something is considered or evaluated. 
perspective from which a story or poem is presented:
1st person: "I did this."
3rd person objective: "They did this."
3rd person ominisicient: "They thought this."
tone: accent or inflection expressive of a mood or emotion.
style or manner of expression in speaking or writing.
rhythm: an ordered recurrent alternation of strong and weak elements in the flow of sound and silence in speech .
rhyme: correspondence in terminal sounds of units of composition or utterance (as two or more words or lines of verse)
alliteration: the repetition of usually initial consonant sounds in two or more neighboring words or syllables (as wild and woolly, threatening throngs)
assonance: repetition of vowels without repetition of consonants (as in stony and holy) used as an alternative to rhyme in verse.
paradox a statement that is seemingly contradictory or opposed to common sense and yet is perhaps true. "You've got to be cruel to be kind."
oxymoron a combination of contradictory or incongruous words (as "cruel kindness").
climax the point of highest dramatic tension or a major turning point in the action (as of a play).
denouement the final outcome of the main dramatic complication in a literary work.
synecdoche a form of metaphor in which the part stands for the whole, the whole for a part, the genus for the species, the species for the genus, the material for the thing made, or in short, any portion, section, or main quality for the whole thing itself (or vice versa). 
hyperbole exaggeration used for emphasis. Hyperbole can be used to heighten effect, to catalyze recognition, or to create a humorous perception.
meter the rhythmic pattern that emerges when words are arranged in such a way that their stressed and unstressed syllables fall into a more or less regular sequence; established by the regular or almost regular recurrence of similar accent patterns (called feet).