Google AdSense is google owned company but the first requirement, you should have a website or blog.
If you've registered and approved by Google AdSense, You will be given a choice by the AdSense for Content Ads will put in your web page.
If your ad is clicked by a visitor, you will get revenue. Google AdSense also provides the AdSense for search and referral ads.
The following terms in Google Ads :

1. Publisher : People who have a site that has been incorporated in the google ads, that means you and put ads on their sites.
2. Ad Unit is Ad by google
3. Link Unit is Similar to Ad Unit but the format is different.The difference is if the Link Units, visitors will be directed to the search results page on google search engine. New publisher will earn a commission when a visitor clicks on one ad Unit who on the page. Link Unit to provide greater income than the usual Ad Unit.  
4. Adsense of Content
5. Alternate Ads 
6. Channels
7. Page Impression
8. Clicks
9. Click Through Rate
10. CPC (Cost Per Click)

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