Machine learning is a term that is taken from the real world of a person, and applied on something that can't actually learn - a machine.
To add to the other answers - machine learning will not (usually) change the code, but it might change it's execution path and decision based on previous data or new gathered data and hence the "learning" effect.
there are many ways to "teach" a machine - you give weights to many parameter of an algorithm, and then have the machine solve it for many cases, each time you give her a feedback about the answer and the machine adjusts the weights according to how close the machine answer was to your answer or according to the score you gave it's answer, or according to some results test algorithm.
This is one way of learning and there are many more...
