The nth-order, scalar, linear time-varying (LTV) systems can be dealt with operators on a differential ring. Using this differential algebraic structure and a classical result on differential operator factorizaitons developed by Floquet, a novel eigenstructure(eigenvalues, eigenvectors) concepts for linear time0varying systems are proposed. In this paper, Necessary and sufficient conditions for the existence of well-defined(free of finite-time singularities) SD- and PD- spectra for SPDOs with complex- and real-valued coefficients are also presented. Three numerical examples are presented to illustrate the proposed concepts.