What does a just-in-time (JIT) compiler do?

Question

What does a JIT compiler specifically do as opposed to a non-JIT compiler? Can someone give a succinct and easy to understand description?

Answer 1

I know this is an old thread, but runtime optimization is another important part of JIT compilation that doesn't seemed to be discussed here. Basically, the JIT compiler can monitor the program as it runs to determine ways to improve execution. Then, it can make those changes on the fly - during runtime. Google JIT optimization (javaworld has a pretty good article about it.)