Java Class Loader

In a J2SE 2 (that is, J2SE 1.2 or later) environment, class loaders are arranged in a parent-child tree. Normally, when a class loader is asked to load a particular class or resource, it delegates the request to a parent class loader first, and then looks in its own repositories only if the parent class loader(s) cannot find the requested class or resource.

A crisp article on Java Class Loading explains the concepts.