Termination — the series
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The resistor at the wrong end
A lattice diagram is read at the two ends of a line, and that is where the two respectable terminations look identical: a clean step, one delay late, at the receiver. Anyone standing halfway along a series-terminated net sees half the swing held for a full round trip, which for a logic input is not a level at all. The interval is 2(1−x) delays exactly, it is zero only at the far end, and the scheme that never has it draws sixty milliamperes for as long as the level is held.
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The receiver that is a branch
A lattice diagram has two ends, and an interior receiver is not a point on a net — it is a short piece of track leading off it to a pin, open at the far end. Three lines of equal impedance meeting at a junction present each other with half the impedance, so a wave arriving is reflected by exactly minus a third and two thirds goes on: the far end receives two thirds of the swing and sits there for twice the stub's own delay, whatever the net is terminated with and wherever on it the branch is.
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Terminated at both ends
A series resistor at the driver and a parallel one at the receiver cost exactly half the swing — 1.650 volts of 3.300 — and no reflection ever gives it back, because there is no reflection. What the half buys is measured rather than assumed: a driver thirty per cent off its assumed impedance rings a series-terminated net by 16.3 per cent and a doubly terminated one by nothing at all, and an interior receiver on a series-terminated net sits in the undefined band for every far-end resistance above 125 ohms, which is Z₀/(1−2b) and contains no length, no driver and no frequency.
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The termination that runs out
A 50 Ω resistor at the end of a line terminates every edge and draws current for as long as the line is held high: 75.6 mW on an alternating pattern from a 3.3 V, 10 Ω driver. Put a capacitor in series with it and the standing current is gone, and so, eventually, is the termination: the far end reflects nothing as an edge arrives and the whole of it once the capacitor has charged, by one less the exponential of −t/2Z₀C exactly. Under two round trips of time constant the receiver overshoots — 54.8 per cent at a quarter of one — and above it the receiver waits on the capacitor to reach the swing. On a pseudo-random pattern the levels are tightest at three round trips, and on a fast pattern the capacitor holds the line's mean and the resistor still burns half of what a plain one does.