Wiktionary
n. (context computing English) A means of directly connecting two pieces of equipment (computer, printer, etc.) using a serial cable.
Wikipedia
Null modem is a communication method to directly connect two DTEs ( computer, terminal, printer, etc.) using an RS-232 serial cable. The name stems from the historical use of RS-232 cables to connect two teleprinter devices to two modems in order to communicate with one another; null modem communication was possible by using a crossed-over RS-232 cable instead to connect the teleprinters directly to one another.
The RS-232 standard is asymmetric as to the definitions of the two ends of the communications link, assuming that one end is a DTE and the other is a DCE, e.g. a modem. With a null modem connection the transmit and receive lines are crosslinked. Depending on the purpose, sometimes also one or more handshake lines are crosslinked. Several wiring layouts are in use because the null modem connection is not covered by a standard.