A sinusoidal magnitude is characterized by an equation of the type:
V(t) = A sin(2πft + φ)
A phasor (for Phase Vector) is a representation of sinusoidal function by just taking the amplitude and the phase of origin into account. This representation is very useful in optics or in electronics, for summing, taking the derivatives/integrals of sinusoidal functions of the same frequency, but of different amplitudes and phases.