title: What is meant by local repository and remote repository in Maven?
body: <p>I am reading up <a href="http://www.sonatype.com/books/mvnref-book/reference/pom-relationships-sect-project-relationships.html" rel="nofollow noreferrer">Maven - The complete reference</a> and came across this</p>
  <blockquote>
  <p>Maven assumes that the parent POM is available from the local repository, or available in the parent directory (<code>../pom.xml</code>) of the current project. If neither location is valid this default behavior may be overridden via the relativePath element.</p>
  </blockquote>
  <p>What exactly is meant by local and remote repository for a Maven installation and a project?</p>