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[personal profile] juan_gandhi
Say, you have a monad M, there's a category CM of M-algebras, M[X] => X, with proper properties, and a category of M-coalbegras, X => M[X], with proper properties.
What are these coalgebras, X => M[X]? They are just objects of Kleisli category CM for the monad M. Definition? Same objects, but arrows of the form X => M[X].

That's it. So, a terminal ("final", as Kiselyov says) coalgebra is just a terminal object in CM.

E.g. for the functor 1+_ (which is a monad) in Sets, the Kleisli category consists of the same objects and partial functions; and, btw, the terminal object ("final coalgebra") is (see https://en.wikipedia.org/wiki/Initial_algebra#Final_coalgebra) ℕ∪{ω} with "pred" as the partial endomorphism.

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Juan-Carlos Gandhi

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