It is defined as the product of either charge and the distance between the two equal and opposite charges
Derivation
At a point of equatorial plane : Consider a point P on broad side on the position of dipole formed of charges + q and - q at separation 2l. The distance of point P from mid point (O ) of electric dipole is r. Let E1 and E2 be the electric field strengths due to charges + q and - q of electric dipole.
To find the resultant of vector E1 and vector E2, we resolve them along and perpendicular to AB.
Component of vector E1 along AB = E1cosθ, parallel to B vector A
Component of vector E1perpendicular to AB = E1sinθ along O to P
Component of vector E2 along AB = E2cosθ, parallel to B vector A
Component of vector E2 perpendicular to AB = E2sinθ along P to O
Clearly components of vector E1 and vector E2 perpendicular to AB : E1sinθ and E2sinθ being equal and opposite cancel each other, while the components of vector E1 and vector E2 along AB : E1cosθ and E2cosθ, being in the same direction add up and give the resultant electric field whose direction is parallel to B vector A.
If dipole is infinitesimal and point P is far away, we have l < <r , so l2 may be neglected as compared to r2 and so equation (3) gives.
i.e. electric field strength due to a short dipole at broadside on position
Electric potential is zero at all points in the plane passing through the dipole equator.