What are application and Session Events ????????Give details!!!!!!

Hi Friend ,
Application events are raised for all requests to an application. For example, Application_BeginRequest is raised when any Web Forms page or XML Web service in your application is requested. This event allows you to initialize resources that will be used for each request to the application. A corresponding event, Application_EndRequest, provides you with an opportunity to close or otherwise dispose of resources used for the request.
Session events are similar to application events (there is a Session_OnStart and a Session_OnEnd event), but are raised with each unique session within the application. A session begins when a user requests a page for the first time from your application and ends either when your application explicitly closes the session or when the session times out.