MSIL: (Microsoft intermediate language) When compiling to managed code, the compiler translates your source code into Microsoft intermediate language (MSIL), which is a CPU-independent set of instructions that can be efficiently converted to native code. MSIL includes instructions for loading, storing, initializing, and calling methods on objects, as well as instructions for arithmetic and logical operations, control flow, direct memory access, exception handling, and other operations. Before code can be executed, MSIL must be converted to CPU-specific code, usually by a just-in-time (JIT) compiler. Because the common language runtime supplies one or more JIT compilers for each computer architecture it supports, the same set of MSIL can be JIT-compiled and executed on any supported architecture.
IL: (Intermediate Language) A language used as the output of a number of compilers and as the input to a just-in-time (JIT) compiler. The common language runtime includes a JIT compiler for converting MSIL to native code. CTS: (Common Type System) The specification that determines how the common language runtime defines, uses, and manages types CLR: (Common Language Runtime) The engine at the core of managed code execution. The runtime supplies managed code with services such as cross-language integration, code access security, object lifetime management, and debugging and profiling support.