C# is Microsoft's Java, and .Net is their version of JVM
Managed code is sugar-coated slang for 'bytecode'
All these .NET/JAVA languages are interpreted, like JavaScript(and yes, JIT compilation is in tracemonkey too).
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http://xs135.xs.to/xs135/09042/av922.jpg
If soldiers were to begin to think, not one of them would remain in the army.