A chemical reaction happening in an aqueous solution when two ionic bonds combine, leading to the formation of an insoluble salt is called a precipitation reaction.
Precipitates are insoluble salts that develop during precipitation reactions. They are separated from the other reaction mixture.
They are denoted by a downward arrow written beside the generated product.
For example:
In the above reaction, AgCl is formed as the insoluble salt or precipitate.
Thus, precipitation reactions produce insoluble salts.