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A point p on a Regular Surface 
 is said to be hyperbolic if the Gaussian Curvature
 or equivalently, the Principal Curvatures 
 and 
, have opposite signs.
See also Anticlastic, Elliptic Point, Gaussian Curvature, Hyperbolic Fixed Point (Differential Equations), Hyperbolic Fixed Point (Map), Parabolic Point, Planar Point, Synclastic
References
Gray, A.  Modern Differential Geometry of Curves and Surfaces.  Boca Raton, FL: CRC Press, p. 280, 1993.