What is JIT (just in time)? How it works?

The .NET Runtime ships with a Just-In-Time (JIT or JITter) compiler, which will convert the MSIL code in to the native code (CPU Specific executable code). So whatever code we write will be complied in to MSIL format and the JIT takes over when you run it.

The .NET runtime/Common Language Runtime (CLR) ships three different classes of JITters. The Main JIT compiler converts the MSIL code it to native code with out any optimizations. The JIT compiler takes the MSIL code and optimizes it. So this compiler requires lot of resources like, time to compile, larger memory footprint, etc. The PreJIT is based on the Main JIT and it works like the traditional compilers (compiles MSIL to native code during compilation time rather than runtime). This compiler is usually used at the time of installation.