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3

I've been searching this on net, but could not find one in layman's language. Can anyone help me out?

+1  A: 

For me the best definition is in CLR via C#, though to class that as a book describing things in Layman's terms would just be wrong! However, the Wikipedia definition seems simple enough to understand.

RichardOD
+3  A: 

If you want a Layman's description, I would go here: http://en.wikipedia.org/wiki/Common_Language_Runtime

That's about as simple as it can be explained in Layman's terms, with plenty of links defining terms a layman may not be familiar with.

David Stratton
+1  A: 

You may find this a useful introduction from TheServerSide link text

Andrew