Google Description of PageRank:
PageRank relies on the uniquely democratic nature of the web by using its vast link structure as an indicator of an individual page’s value. In essence, Google interprets a link from page A to page B as a vote, by page A, for page B. But, Google looks at more than the sheer volume of votes, or links a page receives; it also analyzes the page that casts the vote. Votes cast by pages that are themselves “important” weigh more heavily and help to make other pages “important”.
PageRank is a number between 0-10 which indicates how important a page is on the web. The PageRank of a particular page is based upon the quantity of inbound links as well as the PageRank of the pages providing the links.
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