Microprocessor
The length of bus cycle in 8086/8088 is four clock cycles, T1, T2, T3, T4 and an indeterminate number of wait state clock cycles denoted by Tw. The wait states are always inserted between

 T1 & T2
 T2 & T3
 T3 & T4
 T4 & T1

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Microprocessor
Program counter in a digital computer

 Points the memory address of the next instruction to be fetched.
 Counts the number of times the loops are executed.
 Counts the number of times a subroutine is called.
 Counts the numbers of programs run in the machine.

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