Lemma 10.9.9. Let $R$ be a ring. Let $S \subset R$ be a multiplicative subset. Let $M$ be an $R$-module. Then
\[ S^{-1}M = \mathop{\mathrm{colim}}\nolimits _{f \in S} M_ f \]
where the preorder on $S$ is given by $f \geq f' \Leftrightarrow f = f'f''$ for some $f'' \in R$ in which case the map $M_{f'} \to M_ f$ is given by $m/(f')^ e \mapsto m(f'')^ e/f^ e$.
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