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The term Internet is referring to the specific global system of interconnected IP networks.

A web-based application is any application that uses a web browser as a client. The term may also mean a computer software application that is coded in a browser-supported programming language (such as JavaScript, combined with a browser-rendered markup language like HTML) and reliant on a common web browser to render the application executable.
 
Web applications are popular due to the ubiquity of web browsers, and the convenience of using a web browser as a client, sometimes called a thin client. The ability to update and maintain web applications without distributing and installing software on potentially thousands of client computers is a key reason for their popularity, as is the inherent support for cross-platform compatibility.

The terms Internet and World Wide Web are often used interchangeably in everyday speech; it is common to speak of "going on the Internet" when invoking a web browser to view web pages. However, the Internet is a particular global computer network connecting millions of computing devices; the World Wide Web is just one of many services running on the Internet. The Web is a collection of interconnected documents (web pages) and other web resources, linked by hyperlinks and URLs. In addition to the Web, a multitude of other services are implemented over the Internet, including e-mail, file transfer, remote computer control, newsgroups, and online games. Web (and other) services can be implemented on any intranet, accessible to network users.