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 ~ Mix & Mod ~ 
Modulate, Demodulate, Heterodyne, Mix, Beat, Translate, Multiply...
"a rose by any other name would smell as sweet"

Modulation/Demodulation is a Nonlinear Process where Two Sinusoids are Multiplied 
(F1 x F2).
The Product of this Multiplication--in the Time Domain--is a wave whose Amplitude is: 
a(X) = a(F1) X a(F2).
However, in the Frequency Domain there is an Addition and Subtraction of Frequencies, i.e., F1 + F2,   F1 - F2,   F2 + F1,   F2 - F1,  etc.
In practical terms, the Amplitude of one of the two sinusoids is held to a Constant Value; therefore, the useful results of this process are only the Derived Frequencies.

Modulation per se is used to impress a message (voice, image, data, etc.) on to a carrier wave for transmission. A bandlimited range of frequencies that comprise the message (baseband) is translated to a higher range of frequencies. The bandlimited message is preserved, i.e., every frequency in that message is scaled by a constant value.

Contrast this to the Linear Process of Algebraically Summing Two Sinusoids: it results in a Sum and Difference only of the two waves; there are No Products Generated.

Intermodulation is a Special Case where two (or more) sinusoids effect one another to produce undesired products, i.e., Unwanted Frequencies. Again, this can only occur when both waves share the same NonLinear device.  --See Cross Modulation, a form of Intermodulation.

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To Clarify: What is a Nonlinear Device? It is Any Active Device[1].
In normal designs, radio receivers, Stereos, etc., Intermodulation is not a problem. However, when these systems are subjected to Excessive Signal Level Input the active devices in the "Front End" are driven out of their Linear Operating Regions--into or near--Saturation and/or Cutoff, where they become, in effect, "Modulators." 

[1] Active Devices: Transistors, Diodes, ICs, etc. 
Passive devices: Resistors, Capacitors, Inductors, etc.

See also:  AM   DSB   SSB    FM    QAM      [TOP of Page]  

 Modulation
 Intermodulation
Cross Modulation
 Capture Effect
 "Multi-Path"