What is it?
converges absolutely if does. Absolutely convergent series can be reordered freely; conditionally convergent ones cannot — Riemann showed a rearrangement can make them sum to any number.
Formulas
Where it shows up in computing
Float addition is not associative; parallel reductions reorder terms and give run-to-run differences — order matters.
Where is it used?
Computing topics reachable from here, through the chain of ideas that leads to them:
This page has the essentials. A fuller treatment (intuition, formal definition, worked example) is on the way.