Touch-and-go. An operation by an aircraft that lands and departs on a runway without stopping or exiting the runway.
Source: FAA JO 7110.65 ATC
Description
Touch-and-go essentially joins two manoeuvres into one - the aircraft lands on the runway, then accelerates and takes off again. The procedure is normally practiced during flight training but is sometimes used as a form of aborted landing after touchdown.
An example of the path of an aircraft performing a touch and go.