In chemistry if a substance is oxidised it loses electrons in a reaction.
If a substance is reduced it gains electrons in a reaction.
A reaction that has both oxidation and reduction within it is called a REDOX reaction. We can write REDOX reactions as half equations - this can make it easier to see what is going on in the reaction.
For example, Zinc oxide can be reacted with Carbon to extract Zinc:
2ZnO + C --> 2Zn + CO2
In this reaction one of the substances is oxidised and one is reduced. If we write them as half equations:
Zn+ + e- --> Zn
C --> C2+ + 2e-
These equations show that Zn has GAINED an electron to have a neutral charge - there for it has been REDUCED.
Carbon has LOST 2 electrons to become C2+ - therefore it has been OXIDISED.