Where the browser would go when given a relative URL of "products/pricing/list.htm."
The following URL is a little longer and points to a file even further down the hierarchy. It starts with two folder names and ends with a file name.
Take a look at the illustration on the left: If the current page is "default.htm," the browser assumes that the "products" folder is in the same folder that "default.htm" is in ("Web site"). Inside that folder, it finds the "pricing" folder. Finally, it opens "list.htm."