There have been very nice answers using product topology. But since you are talking about _normed_ algebras, I guess there is an easier answer.
The product $\cdot:A\times A\to A$ is jointly continuous if there is $C<+\infty$ such that \begin{equation} \|a\cdot b\|\le C\|a\|\|b\| \end{equation} for all $a,b\in A$.
This is to be distinguished from _separately_ continuous, which says for each $a\in A$, there is $C_a<+\infty$ such that \begin{equation} \|a\cdot b\|\le C_a\|b\|, \end{equation} and \begin{equation} \|b\cdot a\|\le C_a\|b\| \end{equation} for all $b\in A$.
Note that the difference is that this constant $C_a$ depends on $a$. But if your are talking about Banach algebra then these two are the same as a consequence of Banach-Stenhauss.
Also as far as I know this is a standard terminology.