A cataract is a clouding of the eye's lens. When we look at something, light rays travel into our eye through the pupil and are focused through the lens onto the retina, a layer of light-sensitive cells at the back of the eye. The lens must be clear in order to focus light properly onto the retina. If the lens has become cloudy, this is called a cataract.
Excellent information on cataract is available from the American Academy of Opthalmology website here