JIT (just-in-time) is a CLR’s (Common Language Runtime) compiler. The JIT Compiler function is responsible for compiling a method’s IL code into native CPU instructions. Because the IL(intermediate language) is being compiled "just in time," this component of the CLR is frequently referred to as a JITter or a JIT compiler.
The CLR is the layer of the .NET Framework that makes language independence
work. Written mostly in Microsoft's new language, C#, the CLR provides services
that any .NET program can use. Because of .NET's component architecture,
software written in any language can call upon these services.
Microsoft has also submitted a subset of the CLR to ECMA, the European
information and communications standards organization. This subset is referred
to as the Common Language Infrastructure (CLI).
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The .NET Framework Includes the Common Language Runtime (CLR) and the .NET Framework class library. The CLR is a standard foundation for building a range of new applications, while the .NET Framework class library provides standard implementations of many new services for CLR-based applications. Among the technologies in the library are ASP.NET, which is the next generation of Active Server Pages; ADO.NET, the next generation of ActiveX Data Objects; support for building and using Web services; and much more. Microsoft is also releasing a trimmed-down incarnation of the .NET Framework called the .NET Compact Framework. This version is intended for use in smaller devices, such as personal digital assistants (PDAs).
Which are the main components of the .NET platform?
The Microsoft .NET platform consists of the following product groups/ main components...
Development tools A set of languages,
including C#, VB.NET, J#, a set of development tools, including Visual
Studio.NET (a suite of language-independent developer tools, a set of
programming interfaces), .NET Framework (for building web and Windows
applications, as well as web services), and Common Language Runtime, which
is the execution engine for .NET Framework applications