Acid
Acids and bases typically exist together in equilibrium. This means that within a sample of an acid, some molecules will give up their protons and others will accept them. Even water is a mixture of an acidic ion, H3O+ (called a hydronium ion) and a basic ion, OH- (called a hydroxide ion). When acids are diluted (mixed in water) they release H+ ions. These H ions cannot exist independently, so they combine with water to form Hydronium ion.  A hydronium ion will give up its proton to a hydroxide ion, forming two molecules of H2O, which is neutral. This reaction happens continuously in a sample of water, but overall the sample is neutral because there are equal amounts of hydronium and hydroxide in the sample. For most reactions, however, the acids and bases are not present in equal amounts, and this imbalance is what allows a chemical reaction to occur.