An acid-base reaction is also known as a neutralization reaction because it involves the reaction between an acid and a base, resulting in the formation of water and a salt. During this process, the acidic properties of the acid and the basic properties of the base effectively cancel each other out, leading to a neutral solution (typically close to pH 7). 

For example, when hydrochloric acid (HCl) reacts with sodium hydroxide (NaOH), they produce water (\(\rm H_{2}O\)) and sodium chloride (NaCl), which is common table salt. 

\(\rm NaOH\)+\(\rm HCl\) → \(\rm NaCl\) + \(\rm H_{2}O\)