A differential equation is stiff if a numerical scheme requires a very small time-step in order to be stable for that equation.
However I don't understand why it is called stiff (sometimes rigid). Even the wikipedia page says it's more of a phenomenon than a mathematically definable property. One characterization is the stiffness ratio, defined on the wikipedia page as $$ \frac{|Re\bar{\lambda}|}{|Re\underline{\lambda}|}$$ where I think $\bar{\lambda}$ and $\underline{\lambda}$ refer to the eigenvalues with maximum and minimum real parts.
So why is it called this way? I don't know how to interpret this stiffness ratio. I was thinking of stiff as similar to "stringent" or "demanding" as a stiff person would be, which makes sense for the "requiring a small time step" definition.
How is the requirement of a small time-step related to the stiffness ratio?