Just-in-time compilation

JIT compilation is a combination of the two traditional approaches to translation to machine code -- ahead-of-time compilation (AOT), and interpretation -- and combines some advantages and drawbacks of both. Roughly, JIT compilation combines the speed of compiled code with the flexibility of interpretation, with the overhead of an interpreter and the additional overhead of compiling (not just interpreting). JIT compilation is a form of dynamic compilation, and allows adaptive optimization such as dynamic recompilation -- thus in theory JIT compilation can yield faster execution than static compilation. Interpretation and JIT compilation are particularly suited for dynamic programming languages, as the runtime system can handle late-bound data types and enforce security guarantees.

Is this statement correct "java creates code just before it is fully compiled to machine code"?
yes