This document is intended to explain, in detail, the rationale behind the features and functions of the AS4074, Linear, Token-passing, Bus (LTPB). The discussions also address the considerations which a system designer should take into account when designing a system using this bus. Other information can be found in these related documents: AIR 4271 - Handbook of System Data Communication and AS 4290 - Validation Test Plant for AS 4074.