Ajax, or AJAX (Asynchronous JavaScript and XML), is a group of interrelated web development techniques used to create interactive web applications or rich Internet applications. With Ajax, web applications can retrieve data from the server asynchronously in the background without interfering with the display and behavior of the existing page. The use of Ajax has led to an increase in interactive animation on web pages. Data is retrieved using the XML Http Request object or through the use of Remote Scripting in browsers that do not support it. Despite the name, the use of JavaScript and XML is not actually required, nor do the requests need to be asynchronous. The acronym AJAX has thus changed to the term Ajax, which does not represent these specific technologies.

Source
Wikipedia, http://en.wikipedia.org/wiki/AJAX