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Wiktionary
freehub

n. A type of bicycle hub incorporating a ratcheting mechanism, with a cassette, or set of sprockets, mounted onto a splined shaft of the hub to engage the chain.

Wikipedia
Freehub

A freehub is a type of bicycle hub that incorporates a ratcheting mechanism, and the name freehub is a registered trademark of Shimano. A set of sprockets (called a " cassette") are mounted onto a splined shaft of the freehub to engage the chain. The ratcheting mechanism is a part of the hub, in contrast to a freewheel, an older technology, which contains both the sprockets and a ratcheting mechanism in a single unit separate from the hub. In many high-end and midrange bicycles, freehubs have replaced freewheel systems.

A freewheel mechanism allows a rider to stop pedalling whilst the cycle is still in forward motion. On a cycle without a freewheel mechanism, the rider has to keep pedalling whenever the cycle is moving.